107 803
Assignments Done
100%
Successfully Done
In November 2024
Physics help
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
 Math help
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
 Programming help
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming

Answer to Question #117332 in Microeconomics for Anisha

Question #117332
The cross elasticity of demand for a popular brand of a cola drink has been estimated to be +1.8 and for an iced tea to be +0.8, explain what each means
1
Expert's answer
2020-05-26T10:13:55-0400

The greater the interchangeability of the two goods, the greater the value of the cross elasticity of demand for price.

Consequently, cola is able to replace the test drink more than iced tea.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

Our fields of expertise
10 years of AssignmentExpert
LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Canada #339914 on Dec 2023