Suppose that a 5 percent decrease in the price of good x, Business Economics

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Suppose that a 5 percent decrease in the price of good x

Suppose that a 5 percent decrease in the price of good X causes a 2 percent decrease in the quantity demanded of good Y. The cross-price elasticity of demand is therefore:

negative and the goods are substitutes

negative and the goods are complements

positive and the goods are substitutes

positive and the goods are complements

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Business Economics: Suppose that a 5 percent decrease in the price of good x

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Business Economics: Suppose that a 5 percent decrease in the price of good x

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