9. If the cross elasticity between two goods is 0.50, we know that a. one of the
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9. If the cross elasticity between two goods is 0.50, we know that
a. one of the two goods must be an inferior good.
b. both goods are inferior goods.
c. the goods are complements.
d. the goods are substitutes.
e. price elasticity for at least one good must be less than 1.0.
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