The Cross-Price Elasticity of Demand Between Butter and Margarine Is

question 83

Multiple Choice

The cross-price elasticity of demand between butter and margarine is most likely

• A)positive,since the goods are substitutes
• B)positive,since the goods are complements
• C)negative,since the goods are complements
• D)negative,since the goods are substitutes
• E)zero,since the goods are both normal

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Definitions:

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