Economy, asked by rautadarsh15, 1 month ago

Answer please
only 15no . question


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Answered by ShreyaloveAbhiroy
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A positive cross elasticity of demand means that the demand for good A will increase as the price of good B goes up. This means that goods A and B are good substitutes, so that if B gets more expensive, people are happy to switch to A. An example would be the price of milk.

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