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What you determine about consumer demand for your product

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Reference no: EM133150239

Question - You have the following information for your product:

The price elasticity of demand is -0.9.

The income elasticity of demand is 0.5.

The cross-price elasticity of demand between your good and a related good is 2.0.

What can you determine about consumer demand for your product from this information?

Reference no: EM133150239

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