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Answer to Question #221582 in Microeconomics for Tumi
Question #221582
If the cross elasticity of demand between two goods is negative,
- A. one of the goods must be inferior.
- B. the two goods are complements.
- C. one of the goods must be a necessity.
- D. the two goods are substitutes.
Expert's answer
B. the two goods are complements.
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