Illustrate cross elasticity of demand between two complementary goods.

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asked Jan 21, 2023 207k views

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Gusten · Answer 1 · 2023-01-28T13:19:46+0000

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

Illustrate cross elasticity of demand between two complementary goods.

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