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Say that the demand for good x is 6*P base y/P base x. What is the cross price elasticity of demand when P base x=4
Say that the demand for good x is 6*P base y/P base x. What is the cross price elasticity of demand when P base x=4 and p base y4?
Consider the step from P base y=4 to P base y=4+1 (delta version, not calc version).
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