Q
If the cross elasticity of demand is -2 ?
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A
A. The products are substitutes and demand is cross price elastic
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B
B. The products are substitutes and demand is cross price inelastic
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C
C. The products are complements and demand is cross price elastic
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D
D. The products are complements and demand is cross price inelastic
Correct Answer:
C. C. The products are complements and demand is cross price elastic