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An economist estimated the cross-price elasticity for peanut butter and jelly to be -1.5. Based on this information, we know the goods are a. inferior

An economist estimated the cross-price elasticity for peanut butter and jelly to be -1.5. Based on this information, we know the goods are

a.

inferior goods.

b.

complements.

c.

inelastic.

d.

substitutes.

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