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asjstr asjstr
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4 years ago

Question 1.

If the quantity of pineapples demanded increases by 4% when the price of papayas increases by 16%, the cross-price elasticity of demand between pineapples and papayas is



▸ -4.

▸ 0.25.

▸ 4.

▸ 64.

Question 2.

If the quantity of glazed donuts demanded increases by 6% when the price of cinnamon rolls increases by 9%, the cross-price elasticity of demand between glazed donuts and cinnamon rolls is



▸ -1.5.

▸ -0.33.

▸ 0.67.

▸ 1.5.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
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kirakira15kirakira15
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asjstr Author
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4 years ago
Thanks
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