Question
Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use Arc Elasticity to calculate) a. Conventional Dental cleaning copay
Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use "Arc Elasticity" to calculate)
a. Conventional Dental cleaning copay Alternative medical service visit made
Price: $ 210/per cleaning 4,200 visits/year
Price: $120/per cleaning 5,800 visit/year
b. Regular Flu shot offered by pharmacy Boxes of Tamu Flu sold by pharmacy
Price: $80/shot 770 boxes/week
Price: $60/shot 430 boxes/week
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
