Using the above information and the midpoint method, what's the cross price elasticity between pencils and erasers when the price of erasers change from $0.- to $1.40? (Hint: enter your answers in 2 decimals)

Using the above information and the midpoint method, what's the cross price elasticity between pencils and erasers when the price of erasers change from $0.- to $1.40? (Hint: enter your answers in 2 decimals)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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