Substitute goods and complementary goods are known as elastic goods or inelastic goods or proportional goods or related goods??
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The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for thesubstitute good increases. Alternatively, the cross elasticity of demand for complementarygoods is negative.
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yes you are right Substitute goods and complementary goods are known as elastic goods or inelastic goods or proportional goods or related goods
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