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Answer to Question #75923 in Economics of Enterprise for Ian
Question #75923
In the market of air travel, which of the following variables would decrease demand ceteris Paribas
Expert's answer
d)
Complement goods have negative cross elasticity of demand. That is why the demand for a good decreases when the price of a complement good increases.
Complement goods have negative cross elasticity of demand. That is why the demand for a good decreases when the price of a complement good increases.
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