Multiple Choice
The percentage change in the demand for film divided by the percentage change in the price of cameras indicates
A) the cross-price elasticity of demand between film and cameras
B) the cross-price elasticity of demand for photographs
C) the price elasticity of demand for film
D) the price elasticity of demand for cameras
E) nothing because the two goods fall into the broadly defined category of photographic equipment
Correct Answer:
Verified
Correct Answer:
Verified
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