Justin has a subscription to both Hulu and YouTube TV. He uses Hulu to catch up on shows and then streams the new seasons on YouTube TV. When the price of Hulu increased, he cancelled subscriptions to both. Camila only has a subscription to Hulu. When the price of Hulu increased, she cancelled the subscription to Hulu and switched to a subscription to YouTube TV. When considering the cross price elasticity of demand for Hulu and YouTube TV, Camilla's would be negative and justin's would be positive O Camila's would be zero and justin's would be large and positive. O Camilla's would approach infinity and justin's would be zero. O Camilla's would be positive and justin's would be negative
Justin has a subscription to both Hulu and YouTube TV. He uses Hulu to catch up on shows and then streams the new seasons on YouTube TV. When the price of Hulu increased, he cancelled subscriptions to both. Camila only has a subscription to Hulu. When the price of Hulu increased, she cancelled the subscription to Hulu and switched to a subscription to YouTube TV. When considering the cross price elasticity of demand for Hulu and YouTube TV, Camilla's would be negative and justin's would be positive O Camila's would be zero and justin's would be large and positive. O Camilla's would approach infinity and justin's would be zero. O Camilla's would be positive and justin's would be negative
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 8E: The Stopdecay Company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per...
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Transcribed Image Text:QUESTION 20
Justin has a subscription to both Hulu and YouTube TV. He uses Hulu to catch up on shows and then streams the new seasons on YouTube TV. When the price of
Hulu increased, he cancelled subscriptions to both. Camilla only has a subscription to Hulu. When the price of Hulu increased, she cancelled the subscription to
Hulu and switched to a subscription to YouTube TV. When considering the cross-price elasticity of demand for Hulu and YouTube TV,
O Camilla's would be negative and Justin's would be positive.
O Camilla's would be zero and justin's would be large and positive.
Camilla's would approach infinity and Justin's would be zero,
O Camilla's would be positive and justin's would be negative.
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