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drake34 drake34
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5 years ago
What would you expect the cross price elasticity of iPods and online music downloads? Explain your answer.
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Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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5 years ago
 The cross price elasticity of iPods and music downloads should be negative because they are likely to be complements. Thus, an increase in the price of iPods will decrease the demand for music downloads.
drake34 Author
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5 years ago
White Checkmark Going to mark this solved...
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