Suppose the cross-price elasticity of demand between goods X and Y is 6. How much would the price of good Y have to chan
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Suppose the cross-price elasticity of demand between goods X and Y is 6. How much would the price of good Y have to chan
Suppose the cross-price elasticity of demand between goods X andY is 6. How much would the price of good Y have to change in orderto change the consumption of good X by 30 percent? Instruction: Ifyou are entering a negative number, be sure to use a negative sign(−).