The Cross-Price Elasticity of Demand Between an Unlimited Texting Option

question 215

Multiple Choice

The cross-price elasticity of demand between an unlimited texting option and an unlimited call minutes option offered from a cell phone provider would be

• 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.

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Definitions:

Organizations

Structures or systems where individuals collectively work to achieve a common goal or set of goals.

Individual Resistance

Opposition or reluctance by a person to accept change, adhere to regulations, or adopt new ideas or methods.

Perceptions

The way individuals interpret and understand their surroundings and experiences.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and behavioral patterns.