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Business, 28.10.2020 17:10 starfox5454
3. A certain brand of breakfast cereal increases its price by 20%, while other brands keep their prices unchanged. The quantity of cereal sold by the brand that increases its price declines, and the quantity sold by the other brands increases. In this case, the cross price elasticity of demand between the cereal of the brand that increases its price and the cereals produced by other brands is:
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3. A certain brand of breakfast cereal increases its price by 20%, while other brands keep their pri...
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