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nguyenduong67 nguyenduong67
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6 years ago
When the price of hamburger went from $3 to $4 a pound, the quantity demanded of buns changed from 30 to 25 packages a day. The cross-price elasticity of demand for hamburger (using the initial value formula) is
A) 1.4.
B) 0.6.
C) -0.6.
D) Not enough information to answer this question.
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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6 years ago
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nguyenduong67 Author
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6 years ago
Thanks for your help!!
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Yesterday
Good timing, thanks!
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2 hours ago
This helped my grade so much Perfect
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