If the Price of Pork Chops Falls from $8 to $6

question 95

Multiple Choice

If the price of pork chops falls from $8 to $6, and this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross price-elasticity of apple sauce and pork chops at a pork chop price of $6?

• A)-0.1.17.
• B)2.71.
• C)0.42.
• D)-0.86.

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