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TRUE or FALSE statement
"Assume that 10% increase in the price of good A leads to 15% reduction in the sale of good B. This implies good A and good B must be complementary goods"
Your answer must contain -
i) Identify whether the statement is TRUE or FALSE
ii) Give short explanation
iii) Complement the answer with a relevant diagram or a formula.
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Note: You can simply draw a diagram or write an equation manually on a piece of paper. Take a picture and upload it in the drag and drop space.
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