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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
When the price of Certs increases from $1 to $1.5, the quantity demanded of gum falls from 300 to 280. What is the cross-price elasticity of demand?
A) -0.025
B) -0.17
C) -5.8
D) -1.26
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kingbykingby
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#1
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7 years ago
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#2
7 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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