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cross price Suppose the demand for a product is given by: Q = 20 - 2P + 3Ps, where P is the price of the

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cross price

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Suppose the demand for a product is given by: Q = 20 - 2P + 3Ps, where P is the price of the product and Ps is the price of a substitute good. Assume Ps = $10. The cross-price elasticity of demand assuming P = $8 equals: O A. 0.95 O B. 0.88 O C. 0.47 O D. -0.47

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