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Answer to Question #75848 in Economics of Enterprise for Akhona Boyce
Question #75848
1.5 If the cross elasticity of demand between tablets and smart phones is 2.0 this implies that these goods are ; (a) Luxuries, (b) Complements, (c) Necessities, (d) Substitutes. Which one is True?
Expert's answer
Tablets and smart phones are Substitutes goods.
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