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Homework answers / question archive / If a good C increases in price by 30% a pound, and this cause the quantity demanded for a good D to increase by 40%, what is the cross-price elasticity of the two goods? Round your answer to one decimal place

If a good C increases in price by 30% a pound, and this cause the quantity demanded for a good D to increase by 40%, what is the cross-price elasticity of the two goods? Round your answer to one decimal place

Economics

If a good C increases in price by 30% a pound, and this cause the quantity demanded for a good D to increase by 40%, what is the cross-price elasticity of the two goods?

Round your answer to one decimal place.

What is the relationship between the two goods?

a) Compliments

b) Substitutes

c) No relationship

Option 1

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