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The price of peanut butter increases from$3.00 to $3.50per jar, and the quantity of jelly demanded falls from 35jars to28jars. Using the midpoint formula, calculate

The price of peanut butter increases from$3.00 to $3.50per jar, and the quantity of jelly demanded falls from 35jars to28jars. Using the midpoint formula, calculate the cross-price elasticity of demand. Report your answer to two decimal places.

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