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  • 22-11-2019
  • Business
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_____ indicates that the demand for related products can either be positively or negatively related.

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zainsubhani
zainsubhani zainsubhani
  • 22-11-2019

Answer:

Cross price elasticity indicates that demand for related products can either be positively or negatively related.

Explanation:

Cross price elasticity indicates that demand for related products can either be positively or negatively related. This concept is used to measure the responsiveness of product when the price for other products changes. It can be positive and negative depending on the situation.

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