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Below are some data on price, income and demand for five different time periods. Quantity Quantity Year Income Price of X Demanded of X Price

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Below are some data on price, income and demand for five different time periods. Quantity Quantity Year Income Price of X Demanded of X Price of Y Demanded of Y $40000 $140 50 $40 200 2 40000 150 40 40 160 3 40000 150 30 70 140 4 50000 150 40 70 160 5 50000 160 50 90 200 Refer to the information above to answer this question. What is the cross price elasticity of demand of product X for Y between years 2 and 3? Select one: A. - 0.88 B. - 1.91 C. + 1.25 D. - 0.52 E. None of the choices are correct

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