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Let U(x,y) =.Suppose the consumer has income I, and prices on good x and y are Pxand Py.What is the cross-price elasticity of demand for
Let U(x,y) =.Suppose the consumer has income I, and prices on good x and y are Pxand Py.What is the cross-price elasticity of demand for good x with respect to the price of good y?
A.1
B.0
C.-1
D.None of the above
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