How are cross elasticity and income elasticity relevant in IndiGo’s managerial decisions?
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Answer:Very often demands for two goods are so related to each other that when the price of ... The concept of cross elasticity of demand is illustrated by Fig. ... The concept of cross elasticity of demand is of great importance in managerial decision making ... elasticity of demand between Maruti SX-4, Hyndui's Verna, Tata's Indigo is .
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