When the price of widgets was reduced from $600 to $450, the quantity of tingdeers went from

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When the price of widgets was reduced from $600 to $450, the quantity of tingdeers went from 9,000 to 11,000 per month. Calculate the cross price elasticity? Are widgets and tingdeers substitutes or complements?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Posted Date: Jan 23, 2020 08:11 AM

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When the price of widgets was reduced from $600 to $450, the quantity of tingdeers went from

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