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Cross-Price Elasticity of Demand for Substitutes Exercise 2 (Algo) If an increase in the price of pineapple juice of 20% results in an increase
Cross-Price Elasticity of Demand for Substitutes Exercise 2 (Algo) If an increase in the price of pineapple juice of 20% results in an increase in the demand for grape juice of 16%, the cross-price lasticity of demand between pineapple juice and grape juice is o -1.25. O -0.80. 0 1.25. 0 0.80.
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
