What would happen to the quantity demanded of aluminum

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If the cross-price elasticity of aluminum with respect to steel is 2.0:

a) What would happen to the quantity demanded of aluminum if the price of steel increases?

b) Are aluminum and steel substitutes or complements?

c)What would happen to the quantity demanded of aluminum if the price of steel were to rise by 1% next year?

Reference no: EM13157405

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