Question: When the cross - price elasticity Ex , y = 3 Question 1 5 options: 1 ) demand of X rises by 3 % with

When the cross-price elasticity Ex,y =3
Question 15 options:
1)
demand of X rises by 3% with a 1% increase in the price of Y
2)
demand of X falls by 3% when price of Y goes down by 1%
3)
X and Y are substitute goods
4)
all of the above

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