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Q. |
If demand of coffee increases by 10% with 20% decline in the price of sugar we can say that |
A. | Cross price elasticity of demand is negative and both the products are complementary to each other |
B. | Cross price elasticity of demand is negative and the goods are substitute |
C. | Cross price elasticity is positive and the products are complementary to each other |
D. | None of these |
Answer» A. Cross price elasticity of demand is negative and both the products are complementary to each other |
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