Question

Optometrists’ visits are complements for contact lenses. So,

Optometrists’ visits are complements for contact lenses. So,

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Optometrists' visits are complements for contact lenses. Therefore the cross price elasticity between optometry fee and sales of contact lenses will be negative. Because, when goods are complimentary, they have negative cross elasticity. That is, when price of one commodity increases, demand for the other good decreases. (Because both the commodities are compliments and are consumed together.)

Add a comment
Know the answer?
Add Answer to:
Optometrists’ visits are complements for contact lenses. So,
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT