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Economists observe that when the price of DVD players fell from E80 to E60 the quantity of DVDs sold per week rose from 10,000 to
Economists observe that when the price of DVD players fell from E80 to E60 the quantity of DVDs sold per week rose from 10,000 to 15,000. Which if the following statements are true? The cross price elasticity is -2. The cross price elasticity is 40.5. The own price elasticity is 2. The goods are substitutes
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