CommodityBeforeAfterPriceQuantityPriceQuantityBrand X1000901000100Brand Y9004595080Compute for the Cross Price Elasticity of Demand based on the above table. CommodityBeforeAfterPriceQuantityPriceQuantityProduct A70015009001200Product B2565025600Compute for the Cross Price Elasticity of Demand based on the above table.

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Commodity Before After Price Quantity Price Quantity Brand X 1000 90 1000 100 Brand Y 900 45 950 80 Compute for the Cross Price Elasticity of Demand based on the above table.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Transcribed Image Text:Commodity Before After Price Quantity Price Quantity Brand X 1000 90 1000 100 Brand Y 900 45 950 80 Compute for the Cross Price Elasticity of Demand based on the above table.

Commodity
Before
After
Price
Quantity
Price
Quantity
Product A
700
1500
900
1200
Product B
25
650
25
600
Compute for the Cross Price Elasticity of Demand based on the above table.

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