If cross-elasticity of one commodity for another turns out to be zero, it means they are Close substitutes None of these Good complements Completely unrelated
If cross-elasticity of one commodity for another turns out to be zero, it means they are Close substitutes None of these Good complements Completely unrelated
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 2E: The price elasticity of demand for personal computers is estimated to be 2.2. If the price of...
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If cross-elasticity of one commodity for another turns out to be zero, it means they are
Close substitutes
None of these
Good complements
Completely unrelated
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