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Author Question: The cross-price elasticity between X and Y is positive. Illustrate this on two graphs: one for good ... (Read 51 times)

Deast7027

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on: May 25, 2020

Question 1

The owner of a local restaurant comes to you for help. He needs to know whether or not he should increase the price of the meals he serves. To answer his question, what information would you like to know?

Question 2

The cross-price elasticity between X and Y is positive. Illustrate this on two graphs: one for good X and one for good Y. What will happen if the supply of X decreases?
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Deast7027 on May 25, 2020

bdobbins

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Reply #1 on: May 25, 2020
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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Deast7027

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

Missbam101

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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