Economy, asked by GuneetRangi, 6 months ago


The cross-price elasticity of demand for Good B with respect to good A
is 0.65. 1000kg of Good B is demanded when the cost of good A is $60
per kg. The cost of Good A rises to $100. Calculate the corresponding inthe quantity demanded of Good B.​

Answers

Answered by rishikasrivastav88
0

Explanation:

The cross-price elasticity of demand for Good B with respect to good A

is 0.65. 1000kg of Good B is demanded when the cost of good A is $60

per kg. The cost of Good A rises to $100. Calculate the corresponding inthe quantity demanded of Good B.

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