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AP® Microeconomics

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Moderate

Elasticity: Cross-Price Elasticity for Eggs, Bacon and Cereal

APMICR-79VHUK

Eggs and bacon are complements, and eggs and cereal are substitutes. Which of the following could be true based on this information?

A

The cross-elasticity coefficient for eggs and bacon is $1.5$.

B

The cross-elasticity coefficient for eggs and cereal is $1.8$.

C

The cross-elasticity coefficient for eggs and bacon is $0$.

D

The cross-elasticity coefficient for eggs and cereal is $-2.2$.

E

The cross-elasticity coefficient for eggs and bacon is $0.8$.