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What is the cross price elasticity of widgets and gadgets

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When the price of gadgets rises by 10% the demand for widgets falls by 40%. What is the cross price elasticity of widgets and gadgets?

Reference no: EM131654683

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What is the cross price elasticity of widgets and gadgets : When the price of gadgets rises by 10% the demand for widgets falls by 40%. What is the cross price elasticity of widgets and gadgets?
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