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Author Question: The price elasticity of demand for product A is 2.32. The price elasticity of demand for product Z ... (Read 53 times)

sarasara

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on: May 24, 2019
The price elasticity of demand for product A is 2.32.  The price elasticity of demand for product Z is 0.12.
This difference could be due to the fact that
◦ there are many good substitutes for product A and few substitutes for product Z.
◦ there are many good substitutes for product Z and few substitutes for product A.
◦ Product A is a necessity and product Z is a luxury.
◦ Product Z is a necessity and product A is a luxury.
◦ Both there are many good substitutes for product A and few substitutes for product Z and Product Z is a necessity and product A is a luxury are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by sarasara on May 24, 2019

ong527

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sarasara

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

lkanara2

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Reply 3 on: Yesterday
Excellent

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