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Please solve the question. 12. Colgate sells its standard size toothpaste for Tk. 25. Its sales have been on an average 8000 units per month

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Please solve the question.

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12. Colgate sells its standard size toothpaste for Tk. 25. Its sales have been on an average 8000 units per month over the last year. Recently, its competitor Close-up reduced the price of its same standard size toothpaste from Tk. 35 to Tk. 30. As a result, Colgate sales declined by 1500 units per month. . Calculate the Cross elasticity of demand between the two products. . What does your estimate indicate about the relationship between the two products

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