Where demand curves are compensated (adjusted for income eff
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Where demand curves are compensated (adjusted for income effects), it can be shown that 0Q j/0p=0Q i/0pj, where Q is the
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Where demand curves are compensated (adjusted for income effects), it can be shown that 0Q j/0p=0Q i/0pj, where Q is the quantity demanded, p is the price, and subscripts indicate the products i or j. Suppose pi = pj but Qi =100Qj . What are the relative sizes of the two relevant cross-elasticities of demand? Why does it matter which one is used in the analysis of market definition?
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