8.If a rise in the price of sushi from 98 to $1.02 a piece decreases the quantity...
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Question:
8.If a rise in the price of sushi from 98 to $1.02 a piece decreases the quantity of soy sauce demanded from 101 units to 99 units an hour and decreases the quantity of sushi demanded by 1 percent an hour, calculate the:a.Price elasticity of demand for sushi.b.Cross elasticity of demand for soy sauce with respect to the price of sushi.
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