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Suppose That the Quantity of Apples Sold Increases by 30

Question 85

Multiple Choice

Suppose that the quantity of apples sold increases by 30 per cent after the price of pears increases by 15 per cent. What is the coefficient of the cross elasticity of demand?


A) 3.
B) 1.5.
C) 0.2.
D) 2.
E) 0.3.

Correct Answer:

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