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A 10 percent increase in the price of tea causes 8 percent increase in the demand for coffee. The cross elasticity of demand for coffee

A 10 percent increase in the price of tea causes 8 percent increase in the demand for coffee. The cross elasticity of demand for coffee with respect to the price of tea is

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  • -1.25.
  • 1.25.
  • -0.8.
  • 0.8.

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