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Cross-Price Elasticity of Demand
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Problem 3
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Problem 9
Cross-Price Elasticity of Demand
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4. Elasticity / Cross-Price Elasticity of Demand / Problem 3
Problem 3
What does a negative cross-price elasticity of demand indicate about the relationship between two goods?
A
The goods are luxury items.
B
The goods are complements.
C
The goods are substitutes.
D
The goods are unrelated.
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