How is cross-price elasticity of demand used to determine whether two goods are substitutes or complements?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:48 AM

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How is cross-price elasticity of demand used to determine whether two goods are substitutes or complements?

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If the crossprice elasticity of demand for two goods is negative then the two g...View the full answer

Microeconomics

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