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Cross-prce elasticity between good

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Suppose that the cross-prce elasticity between good X and y is .25 and that the price of good y increases. Which of the following statement is true?

Reference no: EM131357847

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Cross-prce elasticity between good : Suppose that the cross-prce elasticity between good X and y is .25 and that the price of good y increases. Which of the following statement is true?
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