If We Are Trying to Determine If Two Different Products

question 276

Multiple Choice

If we are trying to determine if two different products are substitutes,complements,or not related at all,we should find the value of the

• A) price elasticity of demand for both goods.
• B) price elasticity of supply for both goods.
• C) income elasticity of demand for both goods.
• D) cross elasticity of demand.
• E) price elasticity of demand and the price elasticity of supply for both goods.

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Definitions:

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