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The prices of laptops fell from $1,200 to $1,000 and the units sold of Microsoft Office 365 software packages went from 45,000 to 50,000. Meanwhile,
The prices of laptops fell from $1,200 to $1,000 and the units sold of Microsoft Office 365 software packages went from 45,000 to 50,000. Meanwhile, the number of computer monitors went from 22,000 to 24,000. What is the cross-price elasticity of laptops and Office 365 versus the cross-price elasticity of laptops and computer monitors? What conclusions can you draw from these calculations?
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Calculating CrossPrice Elasticity To analyze the relationship between laptops and other productswe need to calculate the crossprice elasticity of dema...
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
