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Other Fields Homework Help Economics Topic started by: sinerus on Aug 28, 2017



Title: When the price of tacos went from $2 to $3 dollars each, the quantity demanded of burritos changed ...
Post by: sinerus on Aug 28, 2017
When the price of tacos went from $2 to $3 dollars each, the quantity demanded of burritos changed from 100 to 120 a day. The cross-price elasticity of demand for burritos calculated using the initial value method is
A) 1.33.
B) 0.75.
C) 0.4.
D) -0.75.


Title: Re: When the price of tacos went from $2 to $3 dollars each, the quantity demanded of burritos ...
Post by: Quinn1981 on Aug 28, 2017
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