Business, 13.05.2021 22:40 sunny3799

Suppose that when the price of root beer rises 10%, the quantity of pizza demanded falls 20%. This would mean that pizza and root beer are complements:. a. with a cross price elasticity of -2.0.
b. substitutes, with a cross price elasticity of -2.0.
c. substitutes, with a cross price elasticity of 0.5.
d. complements, with a cross price elasticity of -0.5.

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Suppose that when the price of root beer rises 10%, the quantity of pizza demanded falls 20%. This w...

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