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Mnemonic Monday - Cross Price Elasticity of Demand

Monday, July 13, 2009
by Amy Chapman

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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