Question

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

In the above table, the cross price elasticity of demand for good Z with good Y when P Y rises from $15 to $18 is

A) -2.20.

B) +2.20.

C) +1.10.

D) -1.10.

Answer

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