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Suppose the cross-price elasticity of demand between Frenchfries and ketchup is estimated to be- 1.60.This implies that a 3% increase in the price of Frenchfries

Suppose the cross-price elasticity of demand between Frenchfries and ketchup is estimated to be- 1.60.This implies that a 3% increase in the price of Frenchfries will cause the quantity demanded of ketchup purchased to

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