If its value of cross-price elasticity is negative, a good must be a necessity.
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Q214: Cross-price elasticity measures the responsiveness of the
Q215: The value of cross-price elasticity of demand
Q216: If an increase in the price of
Q217: If the cross-price elasticity of demand between
Q218: If the cross-price elasticity of demand between
Q220: The cross-price elasticity of demand between milk
Q221: Exhibit 5-26 Q222: The ability of increasing quantity supplied in Q223: To ensure that we get the same Q224: Exhibit 5-27
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