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Cross-Price Elasticity of Demand
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Cross-Price Elasticity of Demand
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4. Elasticity / Cross-Price Elasticity of Demand / Problem 2
Problem 2
The price of textbooks increases, and the quantity demanded of e-books also increases. What logical conclusion can be drawn?
A
Textbooks and e-books are complements.
B
Textbooks and e-books are unrelated.
C
Textbooks and e-books are substitutes.
D
Textbooks and e-books are luxury goods.
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