Question
Suppose a fall from $110 to $90 in the price of playing golf on a public golf course results in an increase in the quantity
Suppose a fall from $110 to $90 in the price of playing golf on a public golf course results in an increase in the quantity of golf balls demanded from 1,000 units to 1,100 units. The cross price elasticity of demand of playing golf with respect to the price of golf balls is
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
