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    Managerial Economics Study Set 1
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    Exam 7: Demand Estimation and Forecasting
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    The Estimated Cross-Price Elasticity of Demand for Cement Relative to the Price
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The Estimated Cross-Price Elasticity of Demand for Cement Relative to the Price

Question 57

Question 57

Multiple Choice

The estimated cross-price elasticity of demand for cement relative to the price of asphalt is


A) 0.3
B) 0.6
C) 1.2
D) 3.0
E) none of the above

Correct Answer:

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