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question archive What can you determine about consumer demand for a product whose estimated demand elasticities are as follows:   Price Elasticity of demand -0

What can you determine about consumer demand for a product whose estimated demand elasticities are as follows:   Price Elasticity of demand -0

Subject:EconomicsPrice:2.88 Bought3

What can you determine about consumer demand for a product whose estimated demand elasticities are as follows:

 

Price Elasticity of demand -0.85
Income Elasticity of demand 2.5
Cross Price Elasticity of demand with this product and your product -2 2.

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