Explain are todaro pizza and grouchos sandwiches substitutes

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When Groucho's deli lowers the price of their sandwiches by 9% the quantity demanded of Todaro pizza falls by 12%. What is the cross price elasticity of demand for Todaro pizza with respect to the price of Groucho's sandwiches? Are Todaro pizza and Groucho's sandwiches substitutes or compliments?

Reference no: EM13212997

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