timmonskids1875 timmonskids1875

28-08-2019
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If cola and iced tea are good substitutes for consumers, then it is likely that: their cross price elasticities are greater than zero. their price elasticities of demand are less than one. their income elasticities are less than zero. their price elasticities of supply are less than one . NEXT

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amniotecardamom amniotecardamom

31-08-2019

Answer:

their cross price elasticities are greater than zero

Explanation:

The price elasticity of cross demand is a measure of the sensitivity of the demand of one good to the price of another good. If goods are considered subtitles, elasticity will be positive, ie when the price of one of the goods rises, the demand for the other will increase. Therefore, the elasticity will be greater than zero.

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