Question
You receive the following information on inkjet printers. Date Q printers P printers P paper Income Days of Lockdown Homeschool Students Mar 2019 1500 200
You receive the following information on inkjet printers.
| Date | Q printers | P printers | P paper | Income | Days of Lockdown | Homeschool Students |
|---|---|---|---|---|---|---|
| Mar 2019 | 1500 | 200 | 5 | 50,000 | 0 | 2500 |
| Mar 2020 | 2500 | 350 | 8 | 60,000 | 14 | 8000 |
Calculate the cross price elasticity of demand for printers with respect to the price of paper. Based only on your answer, what is the relationship between printers and paper?
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
