the cross-price elasticity for two different goods is equal to 1.3, what type of goods are...

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the cross-price elasticity for two different goods is equal to 1.3, what type of goods are these? Select one: O a. substitutes O b. normal c. inferior O d. complements rs Jump to...

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Answer 1

Answer #1

Ans) the correct option is a) substitutes.

Cross price elasticity of substitutes is always positive whereas he Cross price elasticity of complements is always negative

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Answer 2

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the cross-price elasticity for two different goods is equal to 1.3, what type of goods are...

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