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Cross-price elasticity of demand is used to determine whether a product is an inferior or normal good a product is a necessity or a luxury two products are substitutes or comple…

Cross-price elasticity of demand is used to determine whether a product is an inferior or normal good a product is a necessity or a luxury two products are substitutes or comple…
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Cross-price elasticity of demand is used to determine whether a product is an inferior or normal good a product is a necessity or a luxury two products are substitutes or complements price and total revenue are directly or inversely related the product's demand curve is linear

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User Garreth
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1 Answer

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elasticity means if a products demand is high like Iphone,Yeezy,Supreme

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User Bernd Kampl
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