Business, 06.01.2020 22:31 matrixoz1262

Suppose nationwide increases the insurance premium they charge for their auto policies by 18 percent. in response, the demand for state farm auto policies in a small town increases from 6,000 to 7,500. what is the cross-price elasticity of demand for state farm auto policies in this town?

a. using the midpoint formula, the cross-price elasticity of demand for state farm auto policies is:
b. in this instance, auto insurance from nationwide and auto insurance from state farm are

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Suppose nationwide increases the insurance premium they charge for their auto policies by 18 percent...

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