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25-01-2024
Business

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Other things equal, an increase of 2.0% in the price of Product X results in a 1.4% increase in the quantity demanded of Product Y and a 0.7% decrease in the quantity demanded of Product Z. Which statement about products X, Y, and Z is least accurate?
1) Products X and Y are substitutes.
2) Products X and Z are complements.
3) Products Y and Z are complements.

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