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Economics

Problem

1. Name two related goods you consume which would have a positive cross-price elasticity. What happens to your consumption of the second good if the price of the first good increases?

2. Name two related goods you consume which would have a negative cross-price elasticity. What happens to your consumption of the second good if the price of the first good increases?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92754792

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