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The cross-price elasticity of X and Y is -.88. The goods, X and Y are: Complementary goods the cross-price elasticity is inelastic the coefficient indicates

The cross-price elasticity of X and Y is -.88. The goods, X and Y are:

Complementary goods

the cross-price elasticity is inelastic

the coefficient indicates if price of X goes down 1%, demand for Y will go up .88%

all of the above

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