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1, What is the relationship between goods that are substitutes to one another? Between goods that are complements to one another? How is the classification
1, What is the relationship between goods that are substitutes to one another? Between goods that are complements to one another? How is the classification of goods in this manner related to cross price elasticity of demand (Exy)?
2, Discuss two situations in which knowledge of the income elasticity of demand (E)1s important.
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