Question: answer If cola and iced tea are good substitutes for consumers, then it is likely that: O a) their income elasticities are less than zero.

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answer If cola and iced tea are good substitutes
If cola and iced tea are good substitutes for consumers, then it is likely that: O a) their income elasticities are less than zero. O b) their price elasticities of supply are less than one. O c) their price elasticities of demand are less than one. O d) their cross price elasticities are greater than zero

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