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mitch44 mitch44
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A year ago
Suppose the cross-elasticity of demand for two goods, domestic cheese and imported cheese, is positive. If the price of imported cheese falls, then quantity demanded will

▸ rise for both domestic and imported cheese.

▸ fall for domestic cheese and rise for imported cheese.

▸ fall for both domestic and imported cheese.

▸ rise for domestic cheese and fall for imported cheese.

▸ There is not enough information to answer this question.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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shichihenge7shichihenge7
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A year ago
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