tag:blogger.com,1999:blog-38682551969014027332011-07-07T23:56:25.886-07:00My ECONOMICSAmyhttp://www.blogger.com/profile/06094580665099009622noreply@blogger.comBlogger31100tag:blogger.com,1999:blog-3868255196901402733.post-81041045540371388882009-09-20T13:12:00.000-07:002009-09-20T13:12:44.096-07:00EconomicWith cross price elastictly we make an important distinction between <strong>substitute products </strong>and <strong>complement goods and Services.</strong><br /><br /><strong>Substitutes</strong>: with substitute goods such as brands of cereal or washing powder, an increase in the price of one good will lead to an increase demand for the rival product. Cross price elasticity for two substitutes will be psoitive.<br /><strong>Complements:</strong>with goods that are in complementary demand,such as the demand for DVD player and DVD videos,when there is a fall in the price of DVD players we expect to see more DVD players bought,leading to an expansion in market demand for DVD videos.The cross price elasticity of demand for two complements is negative.<br /><strong>The stronger relationship between two prodution the higher is the coefficient of cross-price elasticity of demand.</strong>For example with two close substitutes ,the cross-price elasticity will be strongly positive, Likewise when there's a strongcomplementary relatinship between two products ,the cross-price elastictly will be highly negative.Unrelated products have a zero cross elastictly.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3868255196901402733-8104104554037138888?l=universityles.blogspot.com' alt='' /></div>Amyhttp://www.blogger.com/profile/06094580665099009622noreply@blogger.com0tag:blogger.com,1999:blog-3868255196901402733.post-48241260014472647132009-09-15T16:38:00.000-07:002009-09-15T16:38:21.598-07:00Blessings of the 60th anniversary of founding of New China Blessings of the 60th anniversary of founding of New China<br />This year is the 60th anniversary of founding of new China is the whole country is celebrating the day. We are proud of the motherland proud. The most natural we are in abroad, but our hearts forever linked with the motherland. So pleasego to this Web <a href="http://news.sina.com.cn/z//guoqing60/BlessingCHN/index.html">http://news.sina.com.cn/z//guoqing60/BlessingCHN/index.html</a>.Let us bless our country a prosperous together.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3868255196901402733-4824126001447264713?l=universityles.blogspot.com' alt='' /></div>Amyhttp://www.blogger.com/profile/06094580665099009622noreply@blogger.com0tag:blogger.com,1999:blog-3868255196901402733.post-48331671281105281452009-09-15T13:45:00.001-07:002009-09-15T13:45:06.941-07:00<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_SGOJQtWGlaU/Sq_8vjFEP1I/AAAAAAAAABk/TSPWVGnKf_U/s1600-h/12.bmp" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" mq="true" src="http://4.bp.blogspot.com/_SGOJQtWGlaU/Sq_8vjFEP1I/AAAAAAAAABk/TSPWVGnKf_U/s320/12.bmp" /></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3868255196901402733-4833167128110528145?l=universityles.blogspot.com' alt='' /></div>Amyhttp://www.blogger.com/profile/06094580665099009622noreply@blogger.com0