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Business, 26.02.2021 05:40 cassandraaa

Question 9 of 20 >
The table shown lists two goods along with their cross-price elasticities, where the percentage change in quantity is
measured for Good 1 and the percentage change in price is for Good 2.
Identify the relationship between each of the pairs of goods.
Good 1
Good 2
Cross-price
elasticity
of demand
Relationship
automobiles
-0.38
electricity
grapefruit juice
orange juice
+0.63
butter
-0.24
popcorn
Wendy's burgers
mystery good A
+0.86
Five Guys burgers
mystery good B
+1.57


Question 9 of 20

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The table shown lists two goods along with their cross-price elasticities,

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