question archive When the price of Pepsi rises from $5 to $7, quantities demanded for Pepsi falls from 1,000 to 800 and quantities demanded for Sprite rises from 300 to 400
When the price of Pepsi rises from $5 to $7, quantities demanded for Pepsi falls from 1,000 to 800 and quantities demanded for Sprite rises from 300 to 400
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When the price of Pepsi rises from $5 to $7, quantities demanded for Pepsi falls from 1,000 to 800 and quantities demanded for Sprite rises from 300 to 400. Calculate the cross elasticity of demand, using the mid-point approach.
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