Describe implications for pricing of batteries brakes and, Ask an Expert

Economics

Description of Cross elasticity of demand

Always round tire finds the following cross elasticities:

A. Demand for tires / price of batteries = .45

B. Demand for tires / price of brake jobs = -0.70

C. Demand for tires / pric of an oil change = 0.002

Discuss implications for pricing of batteries, brakes and oil changes on the sale of tires.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9204046

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