If the cross-price elasticity between two goods is negative, the two goods are classified as: A. normal.
Question:
If the cross-price elasticity between two goods is negative, the two goods are classified as:
A. normal.
B. substitutes.
C. complements.
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C Complements If the crossprice elasticity between two goods is negative it indicat...View the full answer
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Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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