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Use the following information about the demand elasticities for apples's in the US to answer the questions that follow. Own-price elasticity: -0.45 Cross-price elasticity with
Use the following information about the demand elasticities for apples's in the US to answer the questions that follow. Own-price elasticity: -0.45 Cross-price elasticity with bananas: 0.15 Cross-price elasticity with eggs: -0.30 Income elasticity: 0.15 Which of the following is true? O a. Apples and Bananas are complements O b. Apples are normal O c. Demand for apples is elastic Q d. Apples are inferior
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