they're unrelated goods ie. track pants and potato chips
unrelated
In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.
The cross elasticity of demand measures how the quantity demanded of good Y responds to a change in the price of good X. It is calculated as the percentage change in the quantity demanded of good Y divided by the percentage change in the price of good X. A positive cross elasticity indicates that goods X and Y are substitutes, while a negative value suggests they are complements. If the elasticity is zero, it implies that the goods are unrelated.
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
unrelated
I am at a loss for the answer please help me.
In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.
Cross elasticity in economics, also referred to as cross-price elasticity is used to measure the changes of the demand of a certain commodity to the price changes of another good.
price elasticity income elasticity cross elasticity promotional elasticity
The cross elasticity of demand measures how the quantity demanded of good Y responds to a change in the price of good X. It is calculated as the percentage change in the quantity demanded of good Y divided by the percentage change in the price of good X. A positive cross elasticity indicates that goods X and Y are substitutes, while a negative value suggests they are complements. If the elasticity is zero, it implies that the goods are unrelated.
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
Cross price elasticity of demand measures the responsivenss of demand for a product to a change in the price of another good.
Cross price elasticity of demand measures the responsivenss of demand for a product to a change in the price of another good.
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
449.0
unit elastic