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If Two Goods Are Substitutes,their Cross-Price Elasticity of Demand Should

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If two goods are substitutes,their cross-price elasticity of demand should be:


Definitions:

Simplify

The process of making an expression easier to understand by reducing it to its most basic form.

Algebraic Expression

A mathematical phrase combining numbers, variables, and operation symbols to represent a specific value or set of values.

Evaluate

To compute or find the value of a mathematical expression or function through substitution of known values.

Verbal Phrase

A phrase that is used to express an action or a state of being, often translated into a mathematical expression.

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