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If the own-price elasticity of demand for dry breakfast cereal is -2.5, what would be a likely value for the elasticity of demand for Kellogg

If the own-price elasticity of demand for dry breakfast cereal is -2.5, what would be a likely value for the elasticity of demand for Kellogg brand Corn Flakes?(Multiple Choice)

  1. Less than -2.5
  2. -2.5
  3. Greater than -2.5
  4. -2.5 divided by the number of other competing brands of corn flakes
  5. None of the above.

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