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Football socks are found to have a cross-elasticity of demand of −2 with respect to productY. Which of the following products is most likely to be product Y:

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Question:

Football socks are found to have a cross-elasticity of demand of −2 with respect to productY. Which of the following products is most likely to be product Y:

A.

Cricket boots

B.

Tennis shoes

C.

Tennis socks

D.

Football boots

Answer» d. Football boots

Note: The above multiple-choice question is for all general and Competitive Exams in India.