For each of the following pairs, determine whether the goods are substitutes, compliments, or unrelated.  Peanut Butter and Jelly __________________________  Private and public transportation __________________________  Coke and Pepsi __________________________  Alarm clocks and automobiles __________________________  Golf clubs and golf balls __________________________

Q:

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A: The explanation for Griffin goods and vablen goods is as follows:-

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A: The effect of the technology on the elasticity can be explained as follows :  Elasticity of Supply :…

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A: * SOLUTION :-    From the given information the calculation is given below.

Q: Why is the cross-price elasticity of demand positive for substitutes? [

A: By the concept of the cross-price elasticity, the responsiveness in the quantity demanded of one…

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A: Demand for Gasoline Gasoline is a generally inelastic product, which means that price fluctuations…

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A: Complementary goods are those goods of combination which consumed together.These goods enhance…

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A: As per answering guidelines, answering the first question.

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A: The cross-price elasticity of demand measures the responsiveness of change in demand of a good to…

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A: please find the answer below.

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A: Price Elasticity of demand measures how quantity demanded changes with change in price level.

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A: Complementary goods are those goods that are consumed together ie they complement each other.…