Mnemonic Monday - Cross Price Elasticity of Demand
Monday, July 13, 2009
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As with Super Starter Sunday this is going to be the last mnemonic of this academic year, it will return in September. This weeks mnemonic is perhaps a little out of place in the middle of summer!
Party Season Nearly Christmas
This mnemonic will help students remember quickly what the figure given by the cross price elasticity of demand formula means.
Positive Substitutes
Negative Complements
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