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-Based on Data in the Table Above, Use the Midpoint

Question 48

Multiple Choice

-Based on data in the table above, use the midpoint method to determine the cross elasticity of demand for ice cream and cake. A) The cross elasticity is -0.83. B) The cross elasticity is -1.75. C) The cross elasticity is -0.75. D) The cross elasticity is -1.33. E) The cross elasticity is -4.0.
-Based on data in the table above, use the midpoint method to determine the cross elasticity of demand for ice cream and cake.


A) The cross elasticity is -0.83.
B) The cross elasticity is -1.75.
C) The cross elasticity is -0.75.
D) The cross elasticity is -1.33.
E) The cross elasticity is -4.0.

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