Wednesday

August 27, 2014

August 27, 2014

Posted by **Albert jason** on Tuesday, October 17, 2006 at 12:42am.

The formula for the cross-price elasticity is (%change in Qa)/(%change in Pb) Where Qa is the quantity demanded of good a, and Pb is the price of good b. Apply this formula. You have all the information you need.

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