Calculate cross price elasticities between pepsi and pizza

Reference no: EM13203399

a) Find the price elasticity of demand (at every price range) for the demand given below. Characterize the demand as elastic/inelastic/unit elastic at each one of these price ranges.

P Qd
120 80
100 72
80 65
60 60

b) Using the table below calculate the cross price elasticities between pepsi and pizza.

P Pepsi Q Pizza
1.00 50
0.90 55
0.80 58

Reference no: EM13203399

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