Suppose That the Amount of Computer Printers Demanded Increases by 20

question 116

Multiple Choice

Suppose that the amount of computer printers demanded increases by 20 percent when the price of personal computers falls by 10 percent. The cross price elasticity of demand between computer printers and personal computers is

• A) 0.5.
• B) -2.0.
• C) -0.5.
• D) 2.0.

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Definitions:

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