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4. Elasticity
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Problem 11
Problem 12
Problem 13
Problem 14
Problem 15
4. Elasticity
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4. Elasticity / Cross-Price Elasticity of Demand / Problem 13
Problem 13
The price of laptops increases, and the quantity demanded of tablets also increases. What logical conclusion can be drawn about their relationship?
A
Laptops and tablets are complements.
B
Laptops and tablets are unrelated.
C
Laptops and tablets are substitutes.
D
Laptops and tablets are inferior goods.
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