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G1-Q41) Q2 G1 Arc Cross-Price Elasticity of Demand: Ec = (PG2-PG2) (PZZ G2) /2 NOTE: G1 stands for good 1 and G2 stands for Good

G1-Q41) Q2 G1 Arc Cross-Price Elasticity of Demand: Ec = (PG2-PG2) (PZZ G2) /2 NOTE: G1 stands for good 1 and G2 stands for Good 2. Q means the 2nd quantity of good 1. PG2 means the 1st price of good 2

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