11 If a 12 per cent rise in the price of an orange smoothie decreases the quantity...
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11 If a 12 per cent rise in the price of an orange smoothie decreases the quantity of orange smoothies demanded by 22 per cent and increases the quantity of apple smoothies demanded by 14 per cent, calculate the cross elasticity of demand between orange smoothies and apple smoothies.
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Related Book For
Economics
ISBN: 9781503632943
5th Edition
Authors: Douglas McTaggart, McTaggart Findlay & Parkin, Christopher Findlay, Michael Parkin
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