What happens to your consumption of the second good

Reference no: EM131916129

Problem

1. Name two related goods you consume which would have a positive cross-price elasticity. What happens to your consumption of the second good if the price of the first good increases?

2. Name two related goods you consume which would have a negative cross-price elasticity. What happens to your consumption of the second good if the price of the first good increases?

Reference no: EM131916129

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