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Cross-Price Elasticity of Demand
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Problem 9
Cross-Price Elasticity of Demand
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4. Elasticity / Cross-Price Elasticity of Demand / Problem 8
Problem 8
If the price of printers increases and the quantity demanded of printer ink decreases, what can be inferred about their relationship?
A
Printers and printer ink are unrelated.
B
Printers and printer ink are complements.
C
Printers and printer ink are luxury goods.
D
Printers and printer ink are substitutes.
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