<p>I have an exam question from last year that I don't understand. I have to explain this : why does the price of firewood from Ardennes forests rise when the price of natural gas from the North Sea rises?</p>
<p>Wouldn't that have to do with cross-elasticity (the problem is I think these goods are substitutes...) ?</p>
<p>Thanks in advance for your help !</p>
<p>Ps my exam is tomorow ;)</p>

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2024-01-18T11:28:35.897Z
Maybe they are both correlated to some other variable like cold weather
dm63
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2024-01-18T11:36:01.540Z
I usually heat with gas, but also have a fireplace at home.
Bertrand
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2024-01-18T11:44:10.980Z
Thanks for your answer, but what do you mean with that ?
TexDuinoCpp
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2024-01-18T13:16:28.023Z
When gas prices are too high, I use my fireplace...
Bertrand
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2024-01-18T13:38:49.820Z
Alright sorry it was a stupid question...
TexDuinoCpp
<elasticity><price><elasticity-of-substitution><cross-price-elasticity>
Why does the price of firewood from Ardennes forests rise when the price of natural gas from the North Sea rises?
TexDuinoCpp
# Why does the price of firewood from Ardennes forests rise when the price of natural gas from the North Sea rises?

(Asked by: username_0 on 2024-01-18)

I have an exam question from last year that I don't understand. I have to explain this : why does the price of firewood from Ardennes forests rise when the price of natural gas from the North Sea rises?

Wouldn't that have to do with cross-elasticity (the problem is I think these goods are substitutes...) ?

Thanks in advance for your help !

Ps my exam is tomorow ;)

**Tags:** elasticity, price, elasticity-of-substitution, cross-price-elasticity
> **Comments:**
> **username_1**: Maybe they are both correlated to some other variable like cold weather  
> **username_2**: I usually heat with gas, but also have a fireplace at home.  
> **username_0**: Thanks for your answer, but what do you mean with that ?  
> **username_2**: When gas prices are too high, I use my fireplace...  
> **username_0**: Alright sorry it was a stupid question...  

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## 0 answers

