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Unformatted text preview: Ç» Q Ç» P cheese c. bagels ? Â¢ ! x so letâ€™s say: 2 e bagels cheese, c. , then a one percent increase in the price of bagels causes a 2 percent decrease in the demand for cream cheese So what will affect demand more? x What will affect demand for cream cheese more? o a one percent increase in the price of butter o or a one percent increase in the price of bagels x if 0.5 e butter cheese, c. and 2 e bagels cheese, c. , then: Page 50...
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This note was uploaded on 12/29/2011 for the course ECO 311 taught by Professor Willis during the Fall '10 term at SUNY Stony Brook.
- Fall '10