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Answer questions based on the information given. A 20 percent rise in the price of Good S results in the following: GOOD Percentage change in

Answer questions based on the information given.

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A 20 percent rise in the price of Good S results in the following: GOOD Percentage change in quantity demanded T Increase by 50% u Decrease by 30% Vv Remains the same a) Calculate cross elasticity of demand between Good S and i Good T ii. Good U iii. Good V b) Name the relationships between good S and each of the other goods

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