I need help with a marketing question

Marketing
Tutor: None Selected Time limit: 1 Day

What is the percentage change in one product's sales due to a percentage change in a marketing variable (such as price) for another product?

     
      
      
      

Nov 17th, 2015

Thank you for the opportunity to help you with your question!

Answer Choice C: Cross-elasticity

Because  Cross elasticity of demand measures the quantity demanded of one good in response to a change in price of another.


Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 17th, 2015

It cannot be reverse-elasticity because reverse-elasticity deals with one product.

It cannot be demand-elasticity because demand-elasticity refers to only one product.

It cannot be supply-elasticity because supply-elasticity refers to only one product.

Nov 17th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Nov 17th, 2015
...
Nov 17th, 2015
Dec 10th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer