as the price of pancakes decreased from $3 to $1 during winter, the quantity demanded for maple syrup increased from 2 oz. to 3 oz.

a). calculate the cross-price elasticity of demand for maple syrup with respect to pancakes.

1)provide the correct formula

2) show the procedure

3) state the correct answer, including correct sign and magnitude

B) interpret your elasticity value

C) are pancakes a substitute or complementary good?