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Cross-price elasticities

16 十二月, 2015 - 15:14

Continuing with the same price increase in jazz, we could compute the percentage change in the quantity of snowboarding demanded as a result of the percentage change in the jazz price. In this example, the result would be a positive elasticity value, because the quantity change in snowboarding and the price change in jazz are both in the same direction, each being positive.