Question
QUESTION TWO (30) 2. 1 Explain, with the aid of examples, the type of goods A and B are, if: 2.1.1 The cross-price elasticity of
QUESTION TWO (30)
2.1 Explain, with the aid of examples, the type of goods A and B are, if:
- 2.1.1 The cross-price elasticity of demand is negative (6)
- 2.1.2 The cross-price elasticity of demand is positive (6)
2.2 Discuss any two (2) categories of price elasticity of demand. Use diagrams to motivate your answer. (18)
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
