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If tires and motor oil have a cross price elasticity of -0.8, we can conclude that tires have inelastic demand tires and motor oils are
If tires and motor oil have a cross price elasticity of -0.8, we can conclude that
- tires have inelastic demand
- tires and motor oils are complements
- tires are inferior goods
- motor oil has inestic supply
- tires and motor oil are substitutes
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