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Compute the cross elasticity of demand

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Reference no: EM132141904

Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use "Arc Elasticity" to calculate)

a. Regular Flu shot offered by pharmacy Boxes of Tamu Flu sold by pharmacy

Price: $60/shot 720 boxes/week

Price: $80/shot 580 boxes/week

b. Conventional Dental cleaning copay Alternative medical service visit made

Price: $80/per cleaning 5,600 visits/year

Price: $100/per cleaning 6,400 visit/year

Reference no: EM132141904

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