question archive 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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