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Other Fields Homework Help Economics Topic started by: stars_and_moon on Jul 20, 2016



Title: When the price of Good X increases from $2 to $3, the quantity demanded of good Y increases from 30
Post by: stars_and_moon on Jul 20, 2016
When the price of Good X increases from $2 to $3, the quantity demanded of good Y increases from 30 to 50. The cross-price elasticity of demand is ________ and Good X and Good Y are ________.
A) 0.8; complements
B) 0.8; substitutes
C) 1.25; complements
D) 1.25; substitutes


Title: Re: When the price of Good X increases from $2 to $3, the quantity demanded of good Y increases from ...
Post by: kingby on Aug 9, 2016
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Title: Re: When the price of Good X increases from $2 to $3, the quantity demanded of good Y increases from 30
Post by: stars_and_moon on Aug 17, 2016
Incredible!


Title: Re: When the price of Good X increases from $2 to $3, the quantity demanded of good Y increases from 30
Post by: kingby on Aug 18, 2016
Yup, vote with confidence!