If the Cross-Price Elasticity Between Good a and Good B

question 108

Multiple Choice

If the cross-price elasticity between Good A and Good B is -1.5 and the percentage change in quantity demanded of Good B is 15 percent,what is the percentage change in the price of Good A?

• A) -10 percent
• B) -0.10 percent
• C) -11.50 percent
• D) -1 percent
• E) 11.50 percent

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