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A increase of the average price of BMW cars from $45,000 to $47,000 caused sales of Mercedez Benz cars to increase from 4,000 to 5,000

A increase of the average price of BMW cars from $45,000 to $47,000 caused sales of Mercedez Benz cars to increase from 4,000 to 5,000 cars per year. What is the cross-price elasticity of demand for these two vehicles? (Choose the closest answer.) Question 15 options: 5.08 1.96 .51 - 2.22

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