The quantity demanded of frozen strawberries decreased from 1,800 to 1,550 when the price of fresh strawberries decreased from $2.35 to $2.15. What is the cross-price elasticity of demand for the strawberries? Round your answer to the nearest hundredth.

The quantity demanded of frozen strawberries decreased from 1,800 to 1,550 when the price of fresh strawberries decreased from $2.35 to $2.15. What is the cross-price elasticity of demand for the strawberries? Round your answer to the nearest hundredth.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 16SQ

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The quantity demanded of frozen strawberries decreased from 1,800 to 1,550 when the price of fresh strawberries
decreased from $2.35 to $2.15.
What is the cross-price elasticity of demand for the strawberries? Round your answer to the nearest hundredth.

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