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Question
| Px | Qx | Py | Qy | Pz | Qz |
| $10 | 100 | $20 | 50 | $25 | 200 |
| 10 | 90 | 18 | 60 | 25 | 225 |
| 10 | 70 | 15 | 90 | 25 | 275 |
| 12 | 50 | 15 | 100 | 25 | 290 |
| 15 | 25 | 15 | 120 | 25 | 320 |
Refer to the above table. Suppose the price of X increases from $10 to $12. What is the cross price elasticity of demand between X and Y?
A) -1.833
B) +0.545
C) +0.579
D) +1.833
Answer
This answer is hidden. It contains 1 characters.
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