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Suppose that the price of President's Choice macaroni and cheese decreased from $12 to $10 per case, and at the same time, the quantityr of
Suppose that the price of President's Choice macaroni and cheese decreased from $12 to $10 per case, and at the same time, the quantityr of Kraft macaroni and cheese sold dropped from 156 to IUD cases. at What is the cross-eta sticittr of demand between the two products? Round your answer to 2 decimal places. E b1What is the reiationship beaueen the two products? The? are lm m 53'5\" V institutes or Fern-tenets The graph below shows a demand curve. a! What ls the value of the slope of the demand curve? Remember to enter a minus [-1 sign to indicate negative values. I: h] Ilr'r'hat Is the eiasticltyr of demand between points a and b. and beMeen points I: and d? Round your answers to 2 declmal places. :1 At what price is the eEa sticity of demand equal to one? H: d] At what price would consumers spend the most on this product? $|:| e} Between what prices is demand inelastic? Between a low price onland a high price of: Price
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