Considering the concept of cross-price elasticity, if two goods are substitutes:
A) an increase in the price of one causes a decrease in the demand for the other.
B) a decrease in the price of one causes an increase in the demand of the other.
C) an increase in the price of one causes an increase in the demand for the other.
D) a decrease in the price of one has no effect on the demand for the other.
Correct Answer:
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