Microeconomics: Understanding Cross Elasticity
Microeconomics: Understanding Cross Elasticity
FRANCO CFA O EL NUEVO COLONIALISMO FRANCES. / CFA FRANC AND FRENCH COLONIALISM
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Wow, I have never truly grasped cross elasticity but the real world examples from this video helped me gain true insight on how it works.
ReplyDeleteCross elasticity has a great affect on many everyday products.
ReplyDeleteI never realized how an increase in one good could affect something that doesn't seem related.
ReplyDeleteSpot on.
ReplyDeleteCross elasticity explains the prices of many goods in several industries.
ReplyDeleteIt's interesting how cross elasticity effects my purchasing choices.
ReplyDeleteVery interesting video! Cross elasticity is about substitutes, complements, and price changes. It affects our purchasing behavior.
ReplyDeleteTrue. I feel that this is a common, daily subconcious decision. I know that I make many of my purchasing decisions based on this theory.
ReplyDeleteThank you for the real world examples
ReplyDeleteCross elasticity helps consumers make efficient decisions
ReplyDeleteCross elasticity can be described as how the price of one thing changes the demand of another thing.
ReplyDeleteLoved this commentary
ReplyDeleteThe examples are very useful in explaining the topics and how there are various subconscious decision made everyday;
ReplyDeleteLoved to see how cross elasticity effects everyday life!
ReplyDelete