What is the cross-price elasticity of demand

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Question - When Jackie cuts the price of her tacos by 8%, the quantity demanded of Kaylee's cheeseburgers falls by 6%. What is the cross-price elasticity of demand of cheeseburgers with respect to tacos? What does your answer suggest about the relationship between Jackie's tacos and Kaylee's cheeseburgers?

Reference no: EM133279191

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