Question: Explain the following question by logical answers (a) Explain why the cross elasticity of demand for substitute goods is positive and the cross elasticity of

Explain the following question by logical answers

Explain the following question by logical answers (a) Explain why the cross elasticity of demand for substitute goods is positive and the cross elasticity of demand for complements is negative. (b) Explain why the price elasticity of demand changes along a linear demand curve. Why the demand curve is perfectly elastic in perfect competition? (c)

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