MCQOPTIONS
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| 1. |
If the cross elasticity of demand is -2 ? |
| A. | The products are substitutes and demand is cross price elastic |
| B. | The products are substitutes and demand is cross price inelastic |
| C. | The products are complements and demand is cross price elastic |
| D. | The products are complements and demand is cross price inelastic |
| Answer» D. The products are complements and demand is cross price inelastic | |