Question

MonthPXQXPYQYPZQZ
Jan$10100$2050$25200
Feb1090186025225
Mar1070159025275
Apr12501510025290
May15251512025320

In the above table, the cross price elasticity of demand for good Y with good X when P X rises from $10 to $12 is

A) +0.29.

B) +1.83.

C) +0.58.

D) -0.58.

Answer

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