Store "XYZ Electronics" sells 2 types of screens, Plasma and LCD, and a DVD player. It faces the following demand schedule for different prices of Plasma. Find the cross-price elasticity of demand of DVD Players when the price of Plasmas increases from $50 to $100.. If necessary, round to the nearest two decimal points. Plasmas Demanded LCDs Demanded OVD Players Demanded Price of Plasma=$50 1000 100 2000 Price of Plasma=$100 700 150 1800

Store "XYZ Electronics" sells 2 types of screens, Plasma and LCD, and a DVD player. It faces the following demand schedule for different prices of Plasma. Find the cross-price elasticity of demand of DVD Players when the price of Plasmas increases from $50 to $100.. If necessary, round to the nearest two decimal points. Plasmas Demanded LCDs Demanded OVD Players Demanded Price of Plasma=$50 1000 100 2000 Price of Plasma=$100 700 150 1800

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Store "XYZ Electronics" sells 2 types of screens, Plasma and LCD, and a DVD
player. It faces the following demand schedule for different prices of Plasma.
Find the cross-price elasticity of demand of DVD Players when the price of
Plasmas increases from $50 to $100.. If necessary, round to the nearest two
decimal points.
Plasmas Demanded
LCDs Demanded
DVD Players
Demanded
Price of Plasma=$50
1000
100
2000
Price of Plasma=$100
700
150
1800

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