Ms. Zamai spends his entire income on Pizzas and Siomai. She always buys positive quantities of both . Supposed that the cross price elasticity of demand for Pizzas with respect to the price of Siomai is negative. If siomais are an ordinary good, when the price of Siomai increases, what is the effect on Ms. Zamai expenditure s of Siomai and Pizzas? Explain your answer

Ms. Zamai spends his entire income on Pizzas and Siomai. She always buys positive quantities of both . Supposed that the cross price elasticity of demand for Pizzas with respect to the price of Siomai is negative. If siomais are an ordinary good, when the price of Siomai increases, what is the effect on Ms. Zamai expenditure s of Siomai and Pizzas? Explain your answer

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics

Section20.2: Consumer Equilibrium And Demand

Problem 1ST

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