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Title: The cross-price elasticity of demand between an unlimited texting option and an unlimited call ... Post by: melinoma86 on Oct 9, 2019 Question 1. If the cross-price elasticity of demand between Breeze Detergent and Faber Detergent is a relatively large positive number, then it indicates that ▸ consumers have a distinct preference for one brand versus the other. ▸ the two brands of detergent are close substitutes. ▸ detergents are necessities. ▸ the two brands are probably made by the same company. Question 2. The cross-price elasticity of demand between an unlimited texting option and an unlimited call minutes option offered from a cell phone provider would be ▸ positive if subscribers consider the services complements to each other. ▸ negative no matter if subscribers consider the services substitutes or complements for each other. ▸ positive if subscribers consider the services substitutes for each other. ▸ negative if subscribers consider the services substitutes for each other. Title: The cross-price elasticity of demand between an unlimited texting option and an unlimited call ... Post by: Dogggg on Oct 9, 2019 Content hidden
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