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There are two products, Ice-Box and Green-Tree. When the price of Green-Tree changes from $10 to $12, the quantity demanded of Ice-Box changes from 500

There are two products, Ice-Box and Green-Tree. When the price of Green-Tree changes from $10 to $12, the quantity demanded of Ice-Box changes from 500 units to 600 units demanded.

Calculate the cross-price elasticity of demand between Ice-Box and Green-Tree.

What type of relationship do these products have?

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