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If the Percentage Change in Quantity Demanded of Good B

Question 131

Multiple Choice

If the percentage change in quantity demanded of Good B is 2 percent and the percentage change in the price of Good A is -10 percent,what is the cross-price elasticity of demand?


A) 0.20
B) -5
C) 1
D) 5
E) -0.20

Correct Answer:

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