What are some examples of pairs of goods or services you purchase that are complements or substitutes?
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What are some examples of pairs of goods or services you purchase that are complements or substitutes? Would their cross-price elasticity be positive or negative, and why? What would happen to your purchasing decisions if the price of one of the goods decreased by 50%?
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Examples of complements and substitutes Complements Peanut butter and jelly Smartphones and phone ca...View the full answer
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