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Calculate and interpret the cross elasticity of product X and explain your decision on what to do with your inventory. (10pts) Qd1 Qd2 P1 P2

Calculate and interpret the cross elasticity of product X and explain your decision on what to do with your inventory. (10pts)

	Qd1	Qd2	P1	P2
X	520	Decreased by 11%	38	Increased by 15%
Y	460	Decreased by 13%	37	Increased by 20%

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