Question

If the cross-price elasticity of demand between two goods is -0.5, two goods are __________. If...

If the cross-price elasticity of demand between two goods is -0.5, two goods are __________. If the income elasticity of a good is -2, that good is a ___________.

Substitutes: Normal good

Complements: Inferior

Complements: Necessity

Substitutes: Luxury

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