Sanders, Shane; Weisman, Dennis L.; Li, Dong - In: Journal of Economic Education 39 (2008) 2, pp. 135-144
The cross-price elasticity concept can be difficult for microeconomics students to grasp. The authors provide a real-life application of cross-price elasticities in policymaking. After a debate that spanned more than a decade and included input from safety engineers, medical personnel,...