If good A is a substitute for good B, then the cross elasticity of demand for good B with respect to the price of good A

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

If good A is a substitute for good B, then the cross elasticity of demand for good B with respect to the price of good A

Post by answerhappygod »

If Good A Is A Substitute For Good B Then The Cross Elasticity Of Demand For Good B With Respect To The Price Of Good A 1
If Good A Is A Substitute For Good B Then The Cross Elasticity Of Demand For Good B With Respect To The Price Of Good A 1 (46.02 KiB) Viewed 61 times
If good A is a substitute for good B, then the cross elasticity of demand for good B with respect to the price of good A is negative. O equal to the cross elasticity of demand for good A with respect to the price of good B. equal to 1. zero. positive.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply