History, asked by sivajithanikonda, 5 months ago

If the quantity of good X demanded increases from 8 to 12 in response to an increase in the price of good Y from Rs.23 to Rs.27 the cross elasticity of demanded for X with respect to the price of Y is approximately:

Answers

Answered by bhaktihbalwadkar

0

Answer:

We know

Cross price elasticity =

%ΔPy(chicken)

%ΔQx(beef)= 20%

5%=+0.25.

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