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Business, 05.11.2020 17:30 tiatia032502

A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is −2.0 and the cross-price elasticity of demand between Y and X is 1.5, then a 4 percent increase in the price of X will:

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A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,00...
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