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Business, 24.10.2019 02:00 jenah6114

3. suppose the price of cereal rose by 25% and the quantity of milk sold decreased by 50%. we know that the: o cross-price elasticity between cereal and milk is -2. o cross-price elasticity of demand between cereal and milk is 2. o price elasticity of demand for milk is 2. o cross-price elasticity between cereal and milk is -0.5.

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3. suppose the price of cereal rose by 25% and the quantity of milk sold decreased by 50%. we know t...
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