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14. In order to attract more customers, Cinnabon Shop decided to reduce the price of their classic cinnamon rolls from EGP33.50 to EGP29.50. As a
14. In order to attract more customers, Cinnabon Shop decided to reduce the price of their classic cinnamon rolls from EGP33.50 to EGP29.50. As a result, cinnamon rolls sales increased from 70 to 130 per day. Also, frozen drink Chillatas sale rose from 40 to 90. Calculate the Cinnabon cross-price elasticity of demand between Chillattas sales and Cinnamon roll prises.
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