If both of two goods have price elasticities of demand, price elasticities of supply, income elasticities of demand and cross elasticities of demand all equal to 2.0:
a. They are both normal and substitutes
b. They are both normal and complements.
c. They are both inferior and substitutes.
d. They are both inferior and complements.
a
Economics
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In perfect competition, marginal revenue always equals
a. total revenue. b. price. c. average cost. d. marginal fixed cost.
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