Multiple Choice
Suppose that the price of Product A increased from $9 to $11 and the quantity demanded of Product B increased from 192 to 208.What is the value of the cross elasticity?
A) + 0.2.
B) + 0.4.
C) + 1.0.
D) + 2.5.
E) + 5.0.
Correct Answer:
Verified
Correct Answer:
Verified
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