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Author Question: If two goods have a cross elasticity of demand of -2, then when the price of one good increases, the ... (Read 70 times)

cmoore54

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on: May 24, 2019
If two goods have a cross elasticity of demand of -2, then when the price of one good increases, the demand curve of the other good
◦ shifts rightward.
◦ shifts leftward.
◦ remains unchanged and the supply curve also remains unchanged.
◦ might shift rightward, leftward, or remain unchanged.
◦ remains unchanged but the supply curve shifts leftward.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by cmoore54 on May 24, 2019

thall411

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Reply #1 on: May 24, 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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cmoore54

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Reply 2 on: May 24, 2019
:D TYSM

Joy Chen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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