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April 16, 2014

Homework Help: managerial economics

Posted by Mishal Almandhour on Thursday, July 1, 2010 at 3:19pm.

Explain the relationship between product X, product Y and product Z or the properties of each according to the following statements
a. Cross price elasticity between X and Y is -4
b. Cross price elasticity between X and Y is 12
c. Cross price elasticity between Y and Z is 0
d. Cross price elasticity between X and Z is 0.6
e. The demand price elasticity for product X is -4
f. The demand price elasticity for product y is - 0.4
g. The Income elasticity for product X is -4
h. The Income elasticity for product Y is 0.4
i. The Income elasticity for product Z is 4

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