Illustrate cross elasticity of demand between two complementary goods.

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20-08-2022
Business

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Illustrate cross elasticity of demand between two complementary goods.

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archit75 archit75 · Answer 1 · 2022-08-20T12:28:13+02:00

archit75 archit75

20-08-2022

The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases. Alternatively, the cross elasticity of demand for complementary goods is negative

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