If the cross elasticity of demand is -5 between french fries and orange drink, then french fries
Select ONE answer:
- and orange drink are substitutes.
- are a normal good and orange drink is an inferior good.
- and orange drink are complements.
- are an inferior good and orange drink is a normal good.
Show your workings to arrive at your answer, and explain and justify your reasons:
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This is multiple choice question is suitable for Economics KS5 classes.
The answer is 3
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