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suppose the original demand for good R is 10 units and the new demand for R is 20 units. For good T, the original

price is $8 and the new price is $6. what is the cross price elasticity of demand between R and T how are R and T related?

0.43, compliment

5, compliments

-2.33, compliments

-2.33, substitutes

-0.43, compliments

Top Answer

The correct option is; -2.33, compliments Exy = percentage change in Quantity demanded of X / percentage... View the full answer

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