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When the price of flowers increased from $ 5.00 to $ 5.70 , the quantity demanded of chocolate increased from 5 , 550 to 6
When the price of flowers increased from $ 5.00 to $ 5.70 , the quantity demanded of chocolate increased from 5 , 550 to 6 , 150 . What is the estimated cross-price elasticity of demand for chocolate? Round your answer to the nearest hundredth
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Economics
Authors: Stephen Slavin
11th Edition
978-0078021800, 0078021804
