How do you think the equilibrium in question 15 will change if cross-price elasticities of demand increase?
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How do you think the equilibrium in question 15 will change if cross-price elasticities of demand increase? How would you alter the equations to show such an increase? Can you compute the new equilibrium?
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Related Book For
Economics Of Strategy
ISBN: 9781118273630
6th Edition
Authors: David Besanko, David Dranove, Scott Schaefer, Mark Shanley
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