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Hello please answer these:
1) For a normal , but inferior good, demand curve slopes upward to the right or does it slopes downward to the right?
2) Product BB15 has reduced its price by 5% which increased sales volume by 12.5% . This price change also caused a fall in sales volume of product CC25 by 2.5%. There was no change in price of product CC25. Calculate cross elasticity of demand?
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