Internet comparison shopping sites like shopping.com and pricegrabber.com allow consumers to compare prices of substitute produc

Question

alina1380 [7]

3 years ago

13

Internet comparison shopping sites like shopping.com and pricegrabber.com allow consumers to compare prices of substitute produc

ts much more easily than is possible without the internet. these sites have:

Business

1 answer:

Komok [63] · Answer 1 · 2022-04-21T18:56:19+03:00

The answer is; "these sites have <span>increased the cross-price elasticity for substitute products".
</span>
When we evaluate the responsiveness of the demand for any good towards the change in the price of a related good is known as cross price elasticity of demand and it is always measured in terms of percentage.