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Author Question: The cross-price elasticity of demand between good X and good Y is 0.5. Given this information, which ... (Read 106 times)

HCHenry

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on: Apr 19, 2019

The cross-price elasticity of demand between good X and good Y is 0.5. Given this information, which of the following statements is 
true?


◦ The demand for goods X and Y is inelastic.
◦ Goods X and Y are substitutes.
◦ Goods X and Y are complements.
◦ The demand for goods X and Y is income inelastic.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by HCHenry on Apr 19, 2019

briseldagonzales

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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HCHenry

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Reply #2 on: Apr 19, 2019
Thanks


briseldagonzales

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Reply #3 on: Apr 19, 2019
Welcome :)


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