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Hello, I have 2 questions. Thank you for your help!! Elasticity and its applications: What sectors are substitutes for each and what sectors are complementary
Hello, I have 2 questions. Thank you for your help!!
Elasticity and its applications:
- What sectors are substitutes for each and what sectors are complementary to each other? Give at least one example of two sectors that are substitutes and at least one example of two sectors that are complements.
- Compare the income elasticity of grocery goods and luxury goods.
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