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Discuss about the pairs of goods

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Reference no: EM131600482

Question: Consider the following two pairs of goods:

- Graduation caps and graduation gowns

-Gasoline at an Exxon station and gasoline at a Shell station

1. Which of the pairs of goods above is likely to be nearly perfect substitutes and which likely to be nearly perfect complements? Explain.

Reference no: EM131600482

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