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Table 2 Px Qx Py Qy Pz Qz $10 100 $20 50 $25 200 10 90 18 60 25 225 10 70 15 90 25
Table 2
Px Qx Py Qy Pz Qz
$10 100 $20 50 $25 200
10 90 18 60 25 225
10 70 15 90 25 275
12 50 15 100 25 290
15 25 15 120 25 320
- suppose the price of Y rises from $18 to $20. What is the cross price elasticity of demand between X (price) and Y (quantity)?
- suppose the price of X increases from $12 to $15. What is the cross price elasticity ofvdemand between X (price) and Z (quantity)?
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann
1st Edition
0324359810, 9780324359817
