Question
State whether the cross-price elasticity is likely positive, negative, or zero for pencil and eraser. Group of answer choices Positive. They are close complements. Positive.
State whether the cross-price elasticity is likely positive, negative, or zero for pencil and eraser.
Group of answer choices
Positive. They are close complements.
Positive. They are close substitutes.
Negative. They are close substitutes.
Negative. They are close complements.
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
