In the graph on the right, the demand for sub sandwich rolls has changed because the price of sandwich meat has risen from $2.80 to $3.80 per package. The cross-price elasticity of demand between sandwich meat and sub sandwich rolls is. (Use the midpoint formula and enter your response rounded to two decimal places. Be sure to include the minus sign if necessary.) Question Viewer Price (dollars per package of rolls) 4.00- 3.75- 3.50- 3.25- 3.00- 2.75- 2.50- 2.25- 2.00-1.89 1.75- 1.50- 1.25- 1.00- 0.75- 0.50- 0.25- 0.00- 0 Submarine sandwich rolls S •D₁ ·D₂ 6,000 7,0009,000 3,000 6,000 9,000 12,000 15,0 Quantity (packages of rolls per week)

In the graph on the right, the demand for sub sandwich rolls has changed because the price of sandwich meat has risen from $2.80 to $3.80 per package. The cross-price elasticity of demand between sandwich meat and sub sandwich rolls is. (Use the midpoint formula and enter your response rounded to two decimal places. Be sure to include the minus sign if necessary.) Question Viewer Price (dollars per package of rolls) 4.00- 3.75- 3.50- 3.25- 3.00- 2.75- 2.50- 2.25- 2.00-1.89 1.75- 1.50- 1.25- 1.00- 0.75- 0.50- 0.25- 0.00- 0 Submarine sandwich rolls S •D₁ ·D₂ 6,000 7,0009,000 3,000 6,000 9,000 12,000 15,0 Quantity (packages of rolls per week)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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