Are the given products competitive or complementary

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Reference no: EM131801696

Question: Suppose the demand functions for two products are

q₁ = 300 - 2p₁ - 5p₂ and q₂ = 150 - 4p₁ - 7p₂

where q₁ and q₂ represent quantities demanded and p₁ and p₂ represent prices. What calculations enable us to decide whether the products are competitive or complementary? Are these products competitive or complementary?

Reference no: EM131801696

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