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Nike shoes and Wolverine Hiking Boots; % change in demand for Nike = 1% % change in price of Wolverine Hiking Boots = 50% Refer

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Nike shoes and Wolverine Hiking Boots; % change in demand for Nike = 1% % change in price of Wolverine Hiking Boots = 50% Refer to the following information above regarding two goods. Based on the cross-price elasticity of the two goods would regulators consider the goods to be in the same market? O Yes, because the cross price elasticity is .02, which means the goods are considered to be substitutes in the same market. O Yes, because the cross price elasticity is .02, which means the goods are not considered to be substitutes in the same market. O No, because the cross price elasticity is .02, which means the goods are not considered to be substitutes in the same market. O Yes, because the cross price elasticity is .02, which means the goods are considered to be complements in the same market

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