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QUESTION
Assume that the price of competing good b decreases by 5% and as a result, the quantity demand for good a decreases by 8%. what is the cross-price elasticity for your product? what type of goods are g
Assume that the price of competing good b decreases by 5% and as a result, the quantity demand for good a decreases by 8%. what is the cross-price elasticity for your product? what type of goods are good a and good b?
