Question
1)A rise in the price of coffee from $1.5 to $2.8 results in the quantity of tea demanded from 200 packets to 260 packets a
1)A rise in the price of coffee from $1.5 to $2.8 results in the quantity of tea demanded from 200 packets to 260 packets a day. Then the cross elasticity of demand will be
Select one:
a.-0.44
b.-2.37
c.0.42
d.2.37
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
0273688766, 978-0273688761
