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The demand for hockey sticks has increased from 6,000 to 8,000 after the price of hockey pucks has fallen from $1.80 to $1.40. (a) Calculate

The demand for hockey sticks has increased from 6,000 to 8,000 after the price of hockey pucks has fallen from $1.80 to $1.40.

(a) Calculate the cross-price elasticity of demand between hockey sticks and hockey pucks using the mid-point formula.

(b) Based on your answer in part (a), what do you think is the economic relationship between these two goods?

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