Business, 23.03.2021 01:00 kaziyahf2006

Suppose Nationwide increases the insurance premium they charge for their auto policies by 12 percent. In response, the demand for State Farm auto policies in a small town increases from 3 comma 000 to 3 comma 300. What is the cross-price elasticity of demand for State Farm auto policies in this town? Using the midpoint formula, the cross-price elasticity of demand for State Farm auto policies is nothing. (Enter your response rounded to three decimal places.)

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