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Suppose that if the price of plane tickets increased, more people would choose to travel by train. If this happened, you would know that Multiple
Suppose that if the price of plane tickets increased, more people would choose to travel by train. If this happened, you would know that Multiple Choice plane tickets are an inferior good. 99 the cross-price elasticity between plane tickets and train tickets is positive the cross-price elasticity between plane tickets and train tickets is negative. plane tickets and train tickets are complements
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