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Suppose the price of whistles increased 8% and the quantity demanded of basketballs decreased 15%. Calculate the cross-price elasticity of demand for basketballs. Be sure
Suppose the price of whistles increased 8% and the quantity demanded of basketballs decreased 15%. Calculate the cross-price elasticity of demand for basketballs. Be sure to: Round your answer to the nearest hundredth. Include a negative sign in your answer if appropriate
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
