Assume that the price of competing good b decreases by 5
Assume that the price of competing Good B decreases by 5% and as a result, the quantity demand for Good A decreases by 8%. What is the cross-price elasticity for your product? What type of goods are Good A and Good B?
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assume that the price of competing good b decreases by 5 and as a result the quantity demand for good a decreases by 8
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