Multiple Choice
What would be the cross-price elasticity of demand between an unlimited texting option and an unlimited call minutes option offered from a mobile phone provider?
A) Positive if subscribers consider the services substitutes for each other.
B) Positive if subscribers consider the services complements to each other.
C) Negative if subscribers consider the services substitutes for each other.
D) Negative no matter if subscribers consider the services substitutes or complements for each other.
Correct Answer:
Verified
Correct Answer:
Verified
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