The table shown lists two goods along with their cross price elasticities, where the percentage change in quantity is measured for Good 1 and the percentage change in price is for Good 2 Identify the relationship between each of the pairs of goods Good 1 Good 2 Cross price elasticity of demand Relationship air conditioning units electricity 0 38 Coca Cola Pepsi 0 67 coffee creamer 0 25 McDonald's burgers In N Out burgers 0 82 mystery good A mystery good B 1 57

Question: The table shown lists two goods along with their cross-price elasticities, where the percentage change in quantity is measured for Good 1 and the percentage

The table shown lists two goods along with their cross-price elasticities, where the percentage change in quantity is measured for Good 1 and the percentage change in price is for Good 2.

Identify the relationship between each of the pairs of goods.

Good 1	Good 2	Cross-price elasticity of demand
air-conditioning units	electricity	?0.38
Coca-Cola	Pepsi	+0.67
coffee	creamer	?0.25
McDonald's burgers	In-N-Out burgers	+0.82
mystery good A	mystery good B	+1.57

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