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melinoma86 melinoma86
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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.



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the two brands of detergent are close substitutes.



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detergents are necessities.



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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:
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DoggggDogggg
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4 years ago
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melinoma86 Author
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4 years ago
Thank you, thank you, thank you!
jblazah
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Yesterday
this is exactly what I needed
wyq2651
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2 hours ago
Correct Slight Smile TY
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