Consider the Following Data for a Hypothetical Economy

question 9

Multiple Choice

Consider the following data for a hypothetical economy.
TABLE 4-5
-Refer to Table 4-5.The cross-price elasticity of demand for transit passes in terms of the price of gasoline is ________.We can therefore conclude that these two goods are ________.

• A)0.5; substitutes
• B)0.2; substitutes
• C)5.0; complements
• D)0.2; complements
• E)0.33; substitutes

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