Multiple Choice
If the quantity of chicken demanded increases by 1.25 percent when the price of beef increases by 2.5 percent,the cross elasticity of demand between chicken and beef is
A) 3.125.
B) -3.125.
C) -0.5.
D) 2.0.
E) 0.5.
Correct Answer:
Verified
Correct Answer:
Verified
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