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Business, 28.02.2020 23:11 sabrinachambers444

Suppose that a 20 percent increase in the price of normal good Y causes a 10 percent decline in the quantity demanded of normal good X. The coefficient of cross elasticity of demand is: a) negative, and therefore these goods are substitutes. b) negative, and therefore these goods are complements. c) positive, and therefore these goods are substitutes. d) positive, and therefore these goods are complements.

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