1734EconomicsMedium
If the quantity demanded of beef increases by 5% when the price of chicken increase by 20% the cross-price elasticity of demand between beef and chicken is?
A0.25
B-4
Correct answer
A. 0.25
Explanation
The correct answer is 0.25.
Correct answer
A. 0.25
Explanation
The correct answer is 0.25.
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