If the percentage change in quantity demanded for a good is an increase of 25%,when the price of its substitute increases by 30%, the cross-price elasticity is?

Suppose the price elasticity of demand for coke is −3 and the cross-price elasticity of demand between coke and the price of Pepsi is 2.2. If the price of Pepsi decreases by 5%, what would happen to the demand for coke and what would have to happen to the price of coke to exactly offset the fall in the price of Pepsi and leave the quantity demanded of coke unchanged, respectively?

To calculate an elasticity coefficient of demand, we need to Divide the percentage change in the price by the percentage change in the quantity demanded Multiply the percentage change in the quantity demanded by the percentage change in the price Know the slope of the demand curve Multiply the percentage change in the price by the percentage change in the quantity demanded

Netflix raises the price of its service from $11 per month to $14 per month. This causes the number of people subscribing to HCCCtinder – a school-specific dating app – to rise from 2,200 to 2,500. What is the cross-price elasticity of demand? Based upon your answer, are Netflix and HCCCtinder substitutes or compliments?

The price elasticity of demand for a product is 2.152.15. Given that the percentage change in price is 15%15%, what is the percentage change in quantity demanded? Round your answer to two decimal places if necessary.

If a 2​-percent increase in the price of corn flakes causes a 10​-percent decline in the quantity​ demanded, what is the elasticity of​ demand?

If the quantity demanded of textbooks decreases by 40% when the price of a textbook rises by 100% what is the price elasticity of demand for textbooks? 

Prove that price elasticity of demand is not the same as the slope of a demand curve.

If price elasticity of supply of a good = 1.45 , how do you interpret this? If price elasticity of supply of a good = 0.45 , how do you interpret this? If price elasticity of supply of a good = 1.00 , how do you interpret this?

When the price of chicken rises 31%, the quantity demanded of chicken falls 21%. What is the price elasticity of demand?