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suppose the price elasticity of demand for cereal is -0.75 and the cross-price elasticity of demand between cereal and the price of milk is -0.9.

suppose the price elasticity of demand for cereal is -0.75 and the cross-price elasticity of demand between cereal and the price of milk is -0.9. if the price of milk rises by 10%, what would have to happen to the price of cereal to exactly offset the rise in the price of milk and leave the quantity demanded of cereal unchanged?

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