deontaejD97 deontaejD97

01-06-2023
Business

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If the cross elasticity of demand for good X with respect to good Y is -1.5 then good X must be:_________.

i. a normal good and good Y is an inferior good.

ii. an inferior good and good Y is a normal good.

iii. a complement to good Y. a substitute for good Y.

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