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Suppose wehavethefollowingtable: Px Py Qx 160 100 6000 180 200 4000 200 240 3000 Calculate the cross-price elasticity of demand for good x if the
Suppose wehavethefollowingtable:
| Px | Py | Qx |
| 160 | 100 | 6000 |
| 180 | 200 | 4000 |
| 200 | 240 | 3000 |
- Calculate the cross-price elasticity of demand for good x if the price of good y changes from 200 to 240. Determinethe relationship betweenthetwo goods?
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
