Question: According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by

Question

3 years ago

11

Question: According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by

7.1% from 2005 to 2006. Over the same period, according to data from the U.S. Energy Information Administration, the average price of regular gasoline rose from $2.27 per gallon to $2.57 per gallon. Using the midpoint method, calculate the cross-price elasticity of demand between Honda Civics and regular gasoline. According to your estimate of the cross-price elasticity, are the two goods gross complements or gross substitutes

Business

1 answer:

ELEN [110] · Answer 1 · 2022-07-05T13:39:41+03:00

<h2>Answer:</h2><h2>i don't know </h2>

Explanation:

<h2>because im a grade 3 </h2>