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If the price of "X increases by 5% and the sales of "y" increase by 15% we can conclude that Oa Products Xand y are complementary goods OProducts "x and "y are income elastic OProducts "x and "y are substitute goods OThe change in the price of was inelastic

If the price of "X increases by 5% and the sales of "y" increase by 15% we can conclude that Oa Products Xand y are complementary goods OProducts "x and "y are income elastic OProducts "x and "y are substitute goods OThe change in the price of was inelastic

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If the price of "x" increases by 5% and the sales of "y" increase by 15% we can conclude that: a. Products "x" and "y" are complementary goods O Products "x" and "y" are income elastic O Products " and "y" are substitute goods Od The change in the price of "x" was inelastic
Transcribed Image Text:If the price of "x" increases by 5% and the sales of "y" increase by 15% we can conclude that: a. Products "x" and "y" are complementary goods O Products "x" and "y" are income elastic O Products " and "y" are substitute goods Od The change in the price of "x" was inelastic
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