Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
melinoma86 melinoma86
wrote...
Posts: 386
Rep: 0 0
4 years ago

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.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 127 times
1 Reply
Replies
Answer verified by a subject expert
DoggggDogggg
wrote...
Posts: 399
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

melinoma86 Author
wrote...

4 years ago
Correct Slight Smile TY
wrote...

Yesterday
This helped my grade so much Perfect
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  932 People Browsing
 101 Signed Up Today
Related Images
  
 321
  
 66
  
 80
Your Opinion
What's your favorite coffee beverage?
Votes: 274