Chapter 6 - Assignment 3: Darnell Group

Read the Darnell group's description of their custom consulting services.
  1. Why would a firm be interested in knowing the price elasticity of demand for their products?
  2. Why would a firm be interested in knowing the cross-price elasticity of demand for their products?
  3. Why would a firm be interested in knowing the income elasticity of demand for their products?
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