A rise in the price of a smoothie from $2 to $3 results in a decrease in the quantity of smoothies demanded from 220 million to 180 million a day and at today's price of a muffin, $1.50, the quantity of muffins demanded increases from 80 million to 100 million a day. Calculate the cross elasticity of demand for muffins with respect to the price of a smoothie.

23. A rise in the price of a smoothie from $2 to $3 results in a decrease in 3 puan the quantity of smoothies demanded from 220 million to 180 million a day and at today's price of a muffin, $1.50, the quantity of muffins demanded increases from 80 million to 100 million a day. Calculate the cross elasticity of demand for muffins with respect to the price of a smoothie. Price (dollars per smoothie) 3.00- -.. 2.50- 2.00.... D 1.50 160 180 200 220 Quantitiy (millions of smoothies per day) Yanitiniz