If Good C increases in price by 3030% a pound, and this causes the quantity demanded for Good D to increase by 40%40%, what is the cross-price elasticity of the two goods? Round your answer to one decimal place

If Good C increases in price by 3030% a pound, and this causes the quantity demanded for Good D to increase by 40%40%, what is the cross-price elasticity of the two goods? Round your answer to one decimal place

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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