Business, 24.10.2019 16:43 ashl3yisbored
Suppose the price of pepper increases by 20percent and, as aresult, the quantity of salt demanded (holding the price of salt constant) decreases by 2 percentthe cross-price elasticity of demand between pepper and salt is (enter your response rounded to two decimal places and include a minus sign if appropriate.)in this example, pepper and salt are instead, suppose pepper and salt were substitutes. if so, then the cross-price elasticity of demand between prepper and salt would bea. less than 1 but greater than 0b. negativec. greater than 1d. positivee. zero
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Suppose the price of pepper increases by 20percent and, as aresult, the quantity of salt demanded (h...
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