subject
Business, 21.04.2020 01:20 diamondpositive68

MIT economist Jerry Hausman has estimated the price elasticity of demand for Post Raisin Bran cereal to be minus
2.5
and the price elasticity of demand for all types of breakfast cereals to be minus
0.9.
The demand for Post Raisin Bran cereal is

and the demand for all types of breakfast cereals is
elastic, inelastic

Why might the demand for Post Raisin Bran cereal be more elastic than the demand for all types of breakfast cereals?

ansver
Answers: 3

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MIT economist Jerry Hausman has estimated the price elasticity of demand for Post Raisin Bran cereal...
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