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Cross-Price Elasticity
An index indicating the variation in demand for a particular item as a result of the price alteration of a different item.
Complements
Goods or services that are used together, such that the increase in demand for one results in an increase in demand for the other.
Bacon and Eggs
A popular breakfast dish in various cultures consisting of fried bacon and eggs.
Cross-Price Elasticity
A measure used in economics to show how the quantity demanded of one good changes in response to a change in the price of another good.
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