Question

7. Find the cross elasticity of demand between X and between Y and Z for the data in table given
below:
Commodity
Before
After
Price / Unit Quantity Units Year Price / Unit Quantity Year
8
150
6
200
4
100
4
75
10
6
12
5
4
100
4
90
Solution:
XNX​

Answer 1

Answer:

7. Find the cross elasticity of demand between X and between Y and Z for the data in table given

below:

Commodity

Before

After

Price / Unit Quantity Units Year Price / Unit Quantity Year

8

150

6

200

4

100

4

75

10

6

12

5

4

100

4

90

Solution:

XNXExplanation:

XYZ