Suppose That the Price of Product a Increased from $9

question 141

Multiple Choice

Suppose that the price of Product A increased from $9 to $11 and the quantity demanded of Product B increased from 192 to 208.What is the value of the cross elasticity?

• A)+ 0.2.
• B)+ 0.4.
• C)+ 1.0.
• D)+ 2.5.
• E)+ 5.0.

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