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What does an elasticity of -.555 say about the cross-price elasticity of coffee and milk? 1) They are unit elastic. 2) They are substitutes. 3)

What does an elasticity of -.555 say about the cross-price elasticity of coffee and milk?

1) They are unit elastic.

2) They are substitutes.

3) Cannot say from the information given

4) They are complemets

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