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1.Supposed the absolute value of the own price elasticity of demand of chicken is 2, and the cross price elasticity of demand between chicken and

1.Supposed the absolute value of the own price elasticity of demand of chicken is 2, and the cross price elasticity of demand between chicken and turkey is 6. If the price of chicken goes up by 10%:

a) The quantity demanded of chicken will increase by 20% and the quantity demanded of turkey will decrease by 60%

b) The quantity demanded of chicken will decrease by 20% and the quantity demanded of turkey will decrease by 60%.

c) The quantity demanded of chicken will increase by 20% and the quantity demanded of turkey will increase by 60%.

d) The quantity demanded of chicken will decrease by 20% and the quantity demanded of turkey will increase by 60%.

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