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If the Quantity Demanded of Soda Increases by 4% When

Question 64

Multiple Choice

If the quantity demanded of soda increases by 4% when the price of coffee increases by 16%,the cross-price elasticity of demand between soda and coffee is:


A) -0.25.
B) 0.25.
C) -12.0.
D) 12.0.

Correct Answer:

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