Computation of cross price elasticity of demand

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Reference no: EM1315645

For each of the following pairs of goods, would you expect the cross-elasticity of demand to be positive or negative? Large (in absolute value) or small? Defend your answers:

a. Computer hardware and computer software.

b. Antibiotics and over the counter decongestants.

c. Gasoline and automobile repairs.

Reference no: EM1315645

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