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If a 10% rise in the price of coffee increases the quantity of tea demanded by 25% and decreases the quantity of coffee demanded by
If a 10% rise in the price of coffee increases the quantity of tea demanded by 25% and decreases the quantity of coffee demanded by 20%:
(i) what would you call the coffee and tea products?
(ii) calculate the cross elasticity of demand between tea and coffee, and
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