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If a 1 percent decrease in the price of product A brings about a 3 percent increase in the sales of product B, then: products
If a 1 percent decrease in the price of product A brings about a 3 percent increase in the sales of product B, then: products A and B are complementary. the cross elasticity of demand between these two products is positive. products A and B are substitutes. the demand for these products is inelastic.
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The Investing Revolutionaries How The Worlds Greatest Investors Take On Wall Street And Win In Any Market
Authors: James N. Whiddon , Nikki Knotts
1st Edition
0071623949,0071700560
