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Business, 09.07.2019 17:30 gonzalesalexiaouv1bg
Suppose that the price elasticity of demand for cereal is -0.75 and the crossprice elasticity of demand between cereal and the price of milk is -0.9. if the price of milk rises by 10%, what would have to happen to the price of cereal to exactly offset the rise in the price of milk and leave the quantity of cereal demanded unchanged?
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Suppose that the price elasticity of demand for cereal is -0.75 and the crossprice elasticity of dem...
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