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The following table shows the own-price and cross-price elasticities for the following fruit groups: Q - dependent variable >>> P - independent variable??? Grapes Bananas

The following table shows the own-price and cross-price elasticities for the following fruit groups:

Q - dependent variable >>> P - independent variable???

Grapes

Bananas

Melons

Grapes Bananas Melons

image text in transcribed
2. (5 points) The following table shows the own-price and cross-price elasticities for the following fruit groups: Q - dependent variable > >> Grapes Bananas Melons P - independent variable! ! Grapes -2.092 0.735 -0.909 Bananas 0.331 -1.199 0.164 Melons -0.849 0.092 -0.035

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