Question: The demand for personal computers can be characterized by the following point elasticities: price elasticity = -5, cross-price elasticity with software = -4, and income

The demand for personal computers can be characterized by the following point elasticities: price elasticity = -5, cross-price elasticity with software = -4, and income elasticity = 2.5. Indicate whether each of the following statements is true or false, and explain your answer.

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