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4. If apartments and single-family houses are substitutes, then one would expect: (1) the cross elasticity of demand to be negative. (2) the income elasticity

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4. If apartments and single-family houses are substitutes, then one would expect: (1) the cross elasticity of demand to be negative. (2) the income elasticity of demand for both goods to be negative. the price elasticity of the two goods to be identical. none of the above

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