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(Figure: Good Y and Good X IV) The cross-price elasticity of demand for good X with respect to good Y is _____ in panel (a) and _____ in panel (b) .
Panel (a) Panel (b)
Computer
An electronic device capable of performing calculations and tasks according to a set of instructions called programs.
Roses
Flowers known for their beauty and fragrance, extensively used in gardens and as symbols of love and remembrance.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors with the same amount of resources.
Microchips
Small semiconductor devices containing integrated circuits used in electronic devices for processing, memory, or other functions.
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