Compute the cross elasticity of demand and characterize the


Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use "Arc Elasticity" to calculate)

a. Regular Flu shot offered by pharmacy        Boxes of Tamu Flu sold by pharmacy

Price:   $60/shot                                                720 boxes/week

Price:   $80/shot                                                580 boxes/week

b. Conventional Dental cleaning copay           Alternative medical service visit made

Price:     $80/per cleaning                                        5,600 visits/year

Price:     $100/per cleaning                                       6,400 visit/year

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Business Economics: Compute the cross elasticity of demand and characterize the
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