Draw a diagram or write an equation manually

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Reference no: EM133128093

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.

Marks are awarded based on the quality of your answer.

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.

Reference no: EM133128093

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