If the cross-price elasticity of two goods is 0.25,then we know that these goods are:
A) substitutes because their cross-price elasticity is greater than zero.
B) complements because their cross-price elasticity is less than 1.
C) substitutes because their cross-price elasticity is less than 1.
D) complements because their cross-price elasticity is greater than zero.
Correct Answer:
Verified
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