Cross Price Elasticity Of Demand
If the price of printers increases by 10% and the quantity demanded of printer paper decreases by 2%, what is the cross-price elasticity of demand, and what does this value indicate?
A
2; the products are substitutes.
B
-0.2; the products are complements.
C
-0.2; the products are substitutes.
D
0.2; the products are complements.
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