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If the price of Product E decreasing by 9% causes its quantity demanded to increase by 14% and the quantity demanded for Product F
If the price of Product E decreasing by 9% causes its quantity demanded to increase by 14% and the quantity demanded for Product F to increase by 12%, what is the cross elasticity of demand? Round your answer to one decimal place. What is the relationship between these goods?
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
