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Homework answers / question archive / If cola and iced tea are good substitutes for consumers, then it is likely that: a their cross price elasticities are greater than zero
If cola and iced tea are good substitutes for consumers, then it is likely that:
| a | their cross price elasticities are greater than zero. |
| b | their price elasticities of demand are less than one. |
| c | their income elasticities are less than zero. |
| d | their price elasticities of supply are less than one . |
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__________ is the change in what is on the horizontal axis (quantity) divided by the change in what is on the vertical axis (price).
| a | Elasticity |
| b | Demand |
| c | Supply |
| d | Revenue |
