For the following pairs of goods, would you expect the cross-price elasticity of demand to be positive,

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For the following pairs of goods, would you expect the cross-price elasticity of demand to be positive, negative, or zero? Briefly explain your answer.
a) Red umbrellas and black umbrellas
b) Coca-Cola and Pepsi
c) Grape jelly and peanut butter
d) Chocolate chip cookies and milk
e) Computers and software
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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