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Is the following true or false?
If the cross-price elasticity of demand between two goods is positive, the goods are likely to be complements.



This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Feb 19, 2020

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2 Answers

John Adney

John Adney

Answered Oct 03, 2017

When XED between two goods is positive the goods are substitutes not compliments.

 

John Smith

John Smith

Answered Dec 22, 2016

False
 

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