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There are two types of products such as complementary goods and substitute goods for your own products. How you can use the cross elasticity of
There are two types of products such as complementary goods and substitute goods for your own products. How you can use the cross elasticity of demand to determine whether some products are complementary goods or substitute goods of your own goods? For example, if the cross elasticity of demand is negative, is a product of your competitors complementary goods or substitute goods? If the income elasticity of demand of your goods is negative, is your goods inferior goods or normal goods?
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