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If the Price of Jelly Goes Up by 10 Percent,we

Question 5

Multiple Choice

If the price of jelly goes up by 10 percent,we observe a decrease in the quantity demanded of peanut butter of 20 percent.The cross-price elasticity of these goods is:


A) 0.5.
B) 2.
C) -0.5.
D) -2.

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