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What is the arc cross elasticity of demand

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The Stopdecay Company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per month over the past year. Recently, its closest competitor, Decayfighter, reduced the price of its electric toothbrush from $35 to $25. As a result, Stopdecay's sales declined by 1,500 units per month.

What is the arc cross elasticity of demand between Stopdecay's toothbrush and Decayfighter's toothbrush?

Reference no: EM133081889

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