znewkirk3076 znewkirk3076
  • 26-05-2017
  • Business
contestada

What can be the substitute and compliment of the product you have identified ?

Respuesta :

LearnGrow
LearnGrow LearnGrow
  • 02-06-2017
Substitute goods are goods that have a positive cross elasticity of demand.The demand for the substitute good increases if the price of the other increases (assuming the price is constant).
Compliment goods are goods with a negative cross elasticity of demand. Compliment good's demand is increased when the price of another good is decreased.
Answer Link

Otras preguntas

Which of the following Bonds is the strongest H-H N-N C-C C=O
12,192÷48 long division
What transformations change the graph of f(x) to the graph of g(x)? f(x) = 3x2 g(x) = 9x2 - 4 Question 2 options: The graph of g(x) is the graph of f(x) stret
Which of these was a lasting impact from the Second Great Awakening of the 19th Century in America? A) People began to apply Christian principles to the soci
does this graph represent a function? why or why not?
A mother age is formed by reversing the two digits of daughters age. If the mother is 18 years older than daughter and sum of the digits used is 6.Find their pr
What is the equation of the line in the gaph?
in the diagram, HE ||GF. Find DF
Samantha and Luis are attempting to determine how many library books each seventh grade student checks out at the same time. Samantha surveys every other sevent
9x^2-6x+8=0 what is the fifth step in solving this equation