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Cross price elasticity of demand between tortilla chips

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Lindsey is willing to purchase 2 bags of tortilla chips when the price of salsa is $2.50. If the price of salsa rises to $3 and she purchases only 1 bag of chips at the higher price, what is her cross price elasticity of demand between tortilla chips and salsa? SHOW YOUR WORK.

Reference no: EM131988219

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