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Title: The cross-price elasticity of demand of products "A" and "B" is zero. This implies that "A" ... Post by: tarasen57 on Mar 3, 2019 Question 1. The cross price elasticity of demand between two goods is 2. We may conclude that• the two goods are very complementary and probably are sold together. • the demand for one of the goods is likely to be fairly elastic and the demand for the other good is likely to be fairly inelastic. • the demand for each of the goods is likely to be very elastic. • the two goods are poor substitutes for each other. Question 2. The cross-price elasticity of demand of products "A" and "B" is zero. This implies that "A" and "B" are• substitute products. • unique goods, as the price elasticity of demand for one of them is zero. • independent products. • complementary products. Title: The cross-price elasticity of demand of products "A" and "B" is zero. This implies that "A" ... Post by: Dogggg on Mar 3, 2019 Content hidden
Title: The cross-price elasticity of demand of products "A" and "B" is zero. This implies that "A" ... Post by: tarasen57 on Mar 3, 2019 Thanks
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