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Author Question: If the cross-price elasticity is such that increasing the price of one service results in increased ... (Read 53 times)

rosent76

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  • Posts: 516
on: Jun 28, 2018
If the cross-price elasticity is such that increasing the price of one service results in increased demand for another service, the two services are:
 A) unitary.
  B) substitutes.
  C) complementary.
  D) inelastic.
  E) elastic.

Question 2

Compared to primary data, secondary data have the main advantage of:
 A) being up-to-date.
  B) having greater relevance to a specific issue.
  C) being both internally and externally focused.
  D) being dramatically lower in cost.
  E) being readily accessible in electronic format.


leeeep

  • Sr. Member
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  • Posts: 315
Reply #1 on: Jun 28, 2018
Answer to Question 1

B

Answer to Question 2

D


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