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Use the Figure Below to Calculate the Cross-Price Elasticity of Demand

Question 38

Multiple Choice

Use the figure below to calculate the cross-price elasticity of demand for good X when the price of good Y increases from $12 to $14:
Use the figure below to calculate the cross-price elasticity of demand for good X when the price of good Y increases from $12 to $14: A) 0.645 B) 0.42 C) 0.20 D) 2.00 E) 15.38


A) 0.645
B) 0.42
C) 0.20
D) 2.00
E) 15.38

Correct Answer:

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