Multiple Choice
Tacos and pizza are substitutes.If a 2 percent change in the price of a taco leads to a 4 percent change in the demand for pizza,the cross elasticity of demand equals
A) -1/2.
B) 1/2.
C) 2.
D) -2.
E) 4.
Correct Answer:
Verified
Correct Answer:
Verified
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