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-The Increase in the Demand for Widgets, Shown in the Figure

Question 298

Multiple Choice

-The increase in the demand for widgets, shown in the figure above, is the result of an increase in the price of McBoover devices from $9 to $11. Therefore, the cross-price elasticity for these two products is A) -2.0. B) -0.5. C) 0.5. D) 2.0.
-The increase in the demand for widgets, shown in the figure above, is the result of an increase in the price of McBoover devices from $9 to $11. Therefore, the cross-price elasticity for these two products is


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

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