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aksik [14]
2 years ago
11

Which scenario below is an example of complementary products, based on their cross-price elasticity?A. Bananas and lettuce, with

an elasticity of 0. B. Shampoo and conditioner, with an elasticity of 3.5. C. Coffee and tea, with an elasticity of 2.25. D. Green salsa and red salsa, with an elasticity of 2.75.
Business
1 answer:
ipn [44]2 years ago
3 0

Answer: B. Shampoo and conditioner, with an elasticity of -3.5.

Explanation:

Complimentary products are those which see their quantity demanded move together because the goods usually compliment each other like tea and sugar.

Their Cross-price elasticity shows this by being a negative figure. This is because when the price of one commodity goes up, the quantity demanded of the other goes down because higher prices lead to lower quantity demanded.

The actual question showed that Conditioner and Shampoo had a cross-price elasticity of -3.5 so this is the correct answer.

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Answer:

Please find the complete solution in the attached file.

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Having in mind the pandemic, should a company reduce its leverage in order to add value to its shareholders? and why?
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3 years ago
A partial payment given in order to show intent of purchase is called what?
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After a customer has purchased a refrigerator, he was offered free delivery, installation, financing, and warranty. this is know
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After a customer has purchased a refrigerator, he is offered free delivery, installation, financing, and warranty, this is known as the “Augmented Product”.

<h3>What is an Augmented product?</h3>

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To know more about Augmented Product visit:

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