|
Title: Suppose that the cross price elasticity of demand between good X and good Y is -1.55. This indicates ... Post by: avinash0312 on Mar 3, 2019 Question 1. "The price elasticity of demand for a particular good is smaller in the long run because consumers adapt to higher prices over time." Do you agree or disagree? Explain.Question 2. Suppose that the cross price elasticity of demand between good X and good Y is -1.55. This indicates that the two goods are• complements. • both inferior. • substitutes. • completely unrelated in the minds of consumers. Title: Suppose that the cross price elasticity of demand between good X and good Y is -1.55. This indicates ... Post by: bli14 on Mar 3, 2019 Content hidden
|