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If the cross-price elasticity of demand for two goods is 1.25, then the two goods are luxuries. the two goods are substitutes. one of the goods is normal and the other good is inferior. the demand for one of the goods conforms to the law of demand, but the demand for the other good violates the law of demand. the two goods are complimentary goods
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Business, 22.06.2019 13:50, trillsmith
Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.
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Business, 22.06.2019 20:50, xXwolfieplayzXx
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If the cross-price elasticity of demand for two goods is 1.25, then the two goods are luxuries. the...
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