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If a 30 % price increase for Product A causes a 10 % decrease in its quantity demanded, but no change in the quantity demanded for Product B, what is the cross-price elasticity of these goods? Round your answer to one decimal place.

Respuesta :

Answer:

0

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good B to changes in price of good A.

The increase in price of product A has no effect on the quantity demanded of product B. Therefore, the cross price elasticitiy is zero.

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