Suppose That the Amount of Portable Power Banks Demanded Increases

question 351

Multiple Choice

Suppose that the amount of portable power banks demanded increases by 10 percent when the price of personal computers falls by 5 percent. The cross price elasticity of demand between portable power banks and personal computers is

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

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