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August 23, 2014

August 23, 2014

Posted by **Will** on Tuesday, November 29, 2011 at 12:03pm.

A. 0.82, and they are substitutes.

B. -0.82, and they are complements.

C. 1.22, and they are substitutes.

D. -1.22, and they are complements.

- Economics -
**Gavin**, Tuesday, November 29, 2011 at 8:20pmB

Cross-price elasticity of demand =

Percentage change in quantity demanded of good 1 / Percentage change in the price of good 2

I did the work and that's what I got.

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