question archive A percent increase in the price of soda leads to a percent increase in the quantity of iced tea demanded
A percent increase in the price of soda leads to a percent increase in the quantity of iced tea demanded
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A percent increase in the price of soda leads to a percent increase in the quantity of iced tea demanded. It appears that the cross-price elasticity of demand for iced tea is . Why is it negative and not positive?
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