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    The Cross-Price Elasticity for Textbooks and Copies of Old Exams
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The Cross-Price Elasticity for Textbooks and Copies of Old Exams

Question 111

Question 111

Essay

The cross-price elasticity for textbooks and copies of old exams is -3.5. If the price of copies of old exams increases by 10 percent, what will happen to the quantity demanded of textbooks?

Correct Answer:

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