An increase in the price of coffee from Rs. 40 per 100 grams to Rs. 44 results in an increase
in demand of tea from 300 units to 400 units. Estimate the cross elasticity of demand and comment
on the results ?
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Answer:
10 grams increased
Explanation:
Price increase of coffee y=40rupees per 100 grams and 44 rupees increased per 10 gram
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