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Number of bottles of macallan demanded

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Reference no: EM131104044

A BevMo! store has estimated that the cross price elasticity between the number of bottles demanded of Macallan (12 years) and the price of Roquefort cheese is -1.8. A long strike in the region of Roquefort-sur-Soulzon is expected to increase the price of that cheese by 16.5% at the store. Based on this information, the number of bottles of Macallan demanded will

  • Increase by 20.5%
  • Increase by 8%
  • Decrease by 29.7%
  • Decreased by 18.6%

Reference no: EM131104044

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