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question archive The price of peanut butter increases from $3

The price of peanut butter increases from $3

Subject:EconomicsPrice:2.88 Bought3

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The price of peanut butter increases from $3.00 to $3.50 per jar, and the quantity of jelly demanded falls from 30 jars to 24 jars. Calculate the cross-price elasticity of demand.

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