What is the cross elasticity of demand

Reference no: EM13187805

When the price of good X falls from . 10 to . 9, the demand for good Y Increase from 20 Kg. to 25 Kg. a) What is the cross elasticity of demand of good Y for good X? b) Are goods X and Y compliments or substitutes?

Reference no: EM13187805

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What is the cross elasticity of demand : When the price of good X falls from . 10 to . 9, the demand for good Y Increase from 20 Kg. to 25 Kg. a) What is the cross elasticity of demand of good Y for good X b) Are goods X and Y compliments or substitutes

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