Posted: March 7th, 2017

If the demand for product A displays high and positive cross price elasticity with respect to the price of product B, Then:

If the demand for product A displays high and positive cross price elasticity with respect to the price of product B, Then:
a. The demand for product A is likely to have a low price elasticity
b. Products A and B are substitutes
c. Products A and B are complements
d. The demand for product B is likely to have a low price elasticity

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