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Budweiser and Heineken: % change in demand for Budweiser = 40% % change in price of Heineken = 10% Refer to the following information above
Budweiser and Heineken: % change in demand for Budweiser = 40% % change in price of Heineken = 10% Refer to the following information above regarding two goods. Based on the cross-price elasticity of the two goods would regulators consider the goods to be in the same market? Group of answer choices Yes, because the cross price elasticity is 4, which means the goods are considered to be complements in the same market. No, because the cross price elasticity is 4, which means the goods are not considered to be substitutes in the same market. Yes, because the cross price elasticity is 4, which means the goods are not considered to be substitutes in the same market. Yes, because the cross price elasticity is 4, which means the goods are considered to be substitutes in the same market
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