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Question 10114 points] According to a Ford press release in April 2013: sales of the Jelelcient fourcylinder Ford Fusion rose 133:4 percent in the rst
Question 10114 points] According to a Ford press release in April 2013: sales of the Jelelcient fourcylinder Ford Fusion rose 133:4 percent in the rst quarter. DR'EI' the same period= according to data from National Resources Canada: the average price of regular gasoline rose from 118.9 cents per litre to 129.4 cents per litre. Using the midpoint method= calculate the cross price elasticity of demand between the Ford Fusion and regular gasoline. According to your estimate of the crossprice elasticity= are the two goods gross complements or gross substitutes? Does your answer make sense
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