A study estimates the cross-price elasticity between, Ask an Expert

Economics

A study estimates the cross-price elasticity between subscription satellite radio service and subscription Internet radio to be -2.5. Based on this information, we infer that the two services are

a. Inferior goods

b. Complements

c. Inelastic

d. Substitutes

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274921

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