Elasticity Paper

label Business & Finance
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Reflect on why some products become substitutes and why some are complements (e.g. hot dogs and hot dog buns).

Feb 26th, 2015

Products that became complements are different from the product it's complementing in someway but essential to use alongside the item it's complimenting.  For example, you can't really eat a hot dog without a bun.  A substitute is a product that can take the place of another product.  Like perhaps a turkey dog instead of a classic hot dog.  This product will take away sales. 

Feb 26th, 2015

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Feb 26th, 2015
Jun 23rd, 2017
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