Multiple Choice
Suppose a fall from $110 to $90 in the price of playing golf on a public golf course increases the quantity of golf balls demanded from 9,950 units to 10,050 units.The cross elasticity of demand of playing golf with respect to the price of golf balls is
A) -0.05.
B) -0.1.
C) 0.01.
D) 20.0.
E) 0.05.
Correct Answer:
Verified
Correct Answer:
Verified
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