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When the price of good A increases from $3 to $5, the quantity demanded for good B decreases from 50 units to 40 units.

When the price of good A increases from $3 to $5, the quantity demanded for good B decreases from 50 units to 40 units. a. Compute the cross-price elasticity. Round it to two decimal places. b. How would you describe the relationship between good A and good B? (Substitutes/Complements)

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a To compute the crossprice elasticity of demand you can use the following formula CrossPrice Elasti... blur-text-image

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