PRIN OF MICROECONOMICS
2nd Edition
ISBN: 9780393914085
Author: coppock
Publisher: Norton, W. W. & Company, Inc.
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Question
Chapter 16, Problem 11SP
To determine
Reason for the difference in demand for two goods.
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One winter recently, the price of a cruise increased by 10 percent and the quantity demanded decreased by 15 percent, and with no change in the price of cruise wear, the quantity of cruise wear demanded decreased by 20 percent.
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Cruises and cruise wear are
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Similar questions
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