Question: Please help with this practice question. Suppose that you measure the cross-price elasticity between footballs and basketballs, and find that their cross-price elasticity is +

Please help with this practice question.

Suppose that you measure the cross-price elasticity between footballs and basketballs, and find that their cross-price elasticity is + 1.20. This implies that footballs and basketballs are O substitute goods O complementary goods O normal goods O inelastic goods O inferior goods

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=+ Besides decision makers, who else would have an interest in the evaluation?

=+ Who will receive the final evaluation, and what will they do with the information?

=+ What standards of accuracy and reliability are needed for this information?