Question
Upper A
9
percent increase in the price of digital apps reduces the amount of tablet devices demanded by 5
percent.
The cross price elasticity of demand is - 0.56.
The cross price elasticity of demand indicates that tablet devices and digital apps are
a. substitutes
b. complements
c. unrelated goods
9
percent increase in the price of digital apps reduces the amount of tablet devices demanded by 5
percent.
The cross price elasticity of demand is - 0.56.
The cross price elasticity of demand indicates that tablet devices and digital apps are
a. substitutes
b. complements
c. unrelated goods
Answers
GPT 3.5
b. complements