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The income elasticities of good X and Y and their cross price elasticities with respect to good Z are as follows; Income Elasticity Cross Price...
The income elasticities of good X and Y and their cross price elasticities with respect to good Z are as follows;
Income Elasticity
Cross Price Elasticity
Good X
+1.4
+ 0.20
Good Y
+0.8
-0.80
A.
B.
C.
D.
E.