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The manager of Gloria Jeans notices that when she increases the price of her Caf Lattes from AED 20 to AED 25, the sales of
- The manager of Gloria Jeans notices that when she increases the price of her Caf Lattes from AED 20 to AED 25, the sales of chocolate chip cookies decreases from 45 cookies a day to 30.
Calculate the cross price elasticity of demand for Caf Lattes and chocolate chip cookies.
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
