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The cross-price elasticity of demand between Canada Dry and Pepsi has been estimated at 0.61. If the price of Pepsi falls by 10%, the quantity
The cross-price elasticity of demand between Canada Dry and Pepsi has been estimated at 0.61. If the price of Pepsi falls by 10%, the quantity demanded of Canada Dry will: Question 8 options: decrease by less than 6.1%. decrease by 6.1%. not change because many people prefer Fanta to Dr. Pepper. increase
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
