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Loraine Loraine
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7 years ago
If the cross elasticity of demand between peanut butter and milk is -1.11, then are peanut butter and milk substitutes or complements?
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Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Because the cross elasticity of demand is negative, peanut butter and milk are complements.
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#2
7 years ago
No problemo Happy Dummy
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