An interesting clip from the BBC on competition in the tablet computer market
http://www.bbc.co.uk/news/technology-11665362
a) Explain why all of these products would not have the same PED value
b) Which would have the most inelasic demand? Why?
c) Would the income elasticity of demand for these products be positive or negative? Why?
d) How could you use the concept of cross ED in this market?
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment