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October 21, 2025, 03:11:00 pm
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Author Topic: Microeconomics question.  (Read 744 times)  Share 

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Microeconomics question.
« on: March 28, 2012, 09:33:52 pm »
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Just wondering, if a good has a cross price elasticity of -0.3, is it considered responsive?
Ie, would be be correct to say that Good A is responsive to price changes in Good B?

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Re: Microeconomics question.
« Reply #1 on: March 29, 2012, 03:21:29 am »
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I think yes because you assume all other conditions remain the same?
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