Question: 1.Consider the following table. Are good A and good B substitutes or complements? Is the cross-price elasticity of demand between good A and good B

1.Consider the following table. Are good A and good B substitutes or complements? Is the cross-price elasticity of demand between good A and good B positive or negative?

Price of Quantity Demanded Quantity Demanded of good A of good B

$.50 10 12

$1.00 8 11

$1.50 7 10

$2.00 6 9

$2.50 5 8

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