Assume the price of product A increases from $1 to $1.50,while the price of competing product B increases from $1.50 to $2.00.Based on the information,what we can say about the absolute and relative price differences between the two products and the relative attractiveness of the two products to consumers.

Question

Quizplus · Accepted Answer

The Answer of Assume the price of product A increases from $1 to $1.50,while the price of competing product B increases from $1.50 to $2.00.Based on the information,what we can say about the absolute and relative price differences between the two products and the relative attractiveness of the two products to consumers.

Assume the Price of Product a Increases from $1 to $1.50,while