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25 March, 15:59

Cross-price elasticity of demand is used to determine whether a product is an inferior or normal good a product is a necessity or a luxury two products are substitutes or complements price and total revenue are directly or inversely related the product's demand curve is linear

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  1. 25 March, 16:08
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    elasticity means if a products demand is high like Iphone, Yeezy, Supreme
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