question archive An increase in the price of Good Y by 50% created a 80% increase in the demand for Good X

An increase in the price of Good Y by 50% created a 80% increase in the demand for Good X

Subject:EconomicsPrice:2.86 Bought3

An increase in the price of Good Y by 50% created a 80% increase in the demand for Good X. The cross price elasticity is equal to Blank 1

Round off to the nearest 2 decimal places

 

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