The international convergence in tastes has progressed to the point where there are virtually no international differences in consumer preferences.
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Q12: The cross-price elasticity of demand measures the
Q13: If two goods are very close complements,
Q14: It is likely that the cross-price elasticity
Q15: Estimates of demand elasticities are used by
Q16: Decreased barriers to international trade have increased
Q18: Improved telecommunication technology has contributed to the
Q19: Middle-class life styles are fundamentally different in
Q20: Electronic commerce currently accounts for no more
Q21: About 90% of the total world revenue
Q22: A firm has estimated the following demand
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