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Andrei [34K]
2 years ago
6

If the cross-price elasticity of demand for two goods is 0.88, then the two goods are?

Business
1 answer:
krek1111 [17]2 years ago
3 0

The two goods are substitutes.

Cross Elasticity

The cross elasticity of demand, also known as the cross-price elasticity of demand, is a measure in economics that compares the percentage change in the quantity desired for one commodity to the percentage change in the price of another good, everything else being equal.

To learn more about Cross Elasticity

brainly.com/question/22985521

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A company that is based on a direct flow of authority from the top executive to subordinates is known as a ________ organization
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Former GVO marketing director, David Lieberman, tells a story about a new product idea proposed by a creative person. The idea w
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