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Calculate and interpret the cross elasticity between peas and carrots and draw the corresponding curves. Use the average elasticity formula. Include the formula in your
Calculate and interpret the cross elasticity between peas and carrots and draw the corresponding curves. Use the average elasticity formula. Include the formula in your answer.
Starting price of peas = $ 35 Starting price of carrots = $ 25 Final price of peas = $ 30 Final price of carrots = $ 25 Initial amount of peas = 20 Initial amount of carrots = 20 Final amount of peas = 24 Final amount of carrots = 34
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