The Cross-Price Elasticity of Demand Between Coca-Cola and Pepsi-Cola Is

question 193

Multiple Choice

The cross-price elasticity of demand between Coca-Cola and Pepsi-Cola is calculated by dividing

• A)the percentage change in quantity demanded of Coca-Cola by the percentage change in the quantity demanded of Pepsi-Cola.
• B)the percentage change in the price of Pepsi-Cola by the percentage change in quantity demanded of Coca-Cola.
• C)the percentage change in the price of Coca-Cola by the percentage change in the price of Pepsi-Cola.
• D)the percentage change in the quantity demanded of Coca-Cola by the percentage change in the price of Pepsi-Cola.

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