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Assume the price of milk increases by 15%. As a result of this price change, the demand for pancakes decreases by 12%. What is the
Assume the price of milk increases by 15%. As a result of this price change, the demand for pancakes decreases by 12%. What is the cross price elasticity of demand (Ex-d) for milk & pancakes
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
