Question

Problem 1:
Miss. Anushka own a coffee shop where she sells 100 coffees per day for Rs.10/- each, due to
increase in price of raw materials she increased coffee price to Rs. 12/- due to which her sales
reduced to 75 coffees per day, An opposite tea shop of Mr.Kholi stated receiving more
customers all off a sudden in a recent time where he sells Tea for Rs. 10/-each & sales per day
increased from 400 cups of tea to 500 cups of tea. Calculate Cross elasticity of demand?​

Answer 1

Answer:

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