Asked by AOL
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
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Answered by
GPT 3.5
b. complements
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