Question
when price of tea in local cafe rises from br 10 to 15 per cup demand for coffee rises from 3000 cups to 5000 cups
when price of tea in local cafe rises from br 10 to 15 per cup demand
for coffee rises from 3000 cups to 5000 cups a day despite no change in coffee prices
a.determine cross price elasticity ?
b.based on the result ,what kind of relation exists between the two goods?
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
