Business, 07.04.2020 04:42 carlos113101

Linesha, a college student working part-time received a wage increase. An avid movie buff, she increased her purchases of Blu-ray discs and reduced her purchases of DVDs. Based on this information: 1. the cross-price elasticity between DVDs and Blu-ray discs is negative. 2. Blu-ray discs are normal goods and DVDs are inferior goods. 3. DVDs and Blu-ray discs are normal goods. 4. DVDs and Blu-ray discs are substitutes.

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Linesha, a college student working part-time received a wage increase. An avid movie buff, she incre...

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