The cross price elasticity of demand is -4.00.
The cross price elasticity of demand indicates that tablet devices and digital apps are complements.
Upper A
4
percent increase in the price of digital apps reduces the amount of tablet devices demanded by 4
percent.
The cross price elasticity of demand is enter your response here
.
(Enter your response rounded to two decimal places and include a minus sign if necessary.)
Part 2
The cross price elasticity of demand indicates that tablet devices and digital apps are
▼
complements
substitutes
unrelated goods
.
1 answer