If cross-elasticity of demand is positive,we could conclude that the two products are substitutes.

Name: If cross-elasticity of demand is positive,we could conclude that the two products are substitutes.
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If the cross-elasticity of demand is positive, it means that an increase in the price of one product results in an increase in the demand for its substitute product. Hence, we can conclude that the two products are substitutes.

If Cross-Elasticity of Demand Is Positive,we Could Conclude That the Two