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Elasticity

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Question 22

The quantity demanded for Brand A coffee rises from 500 to 800 units when the price of Brand B coffee rises by 15%.

In relation to the price of Brand B coffee, what is the cross elasticity of demand for Brand A coffee?

0.25

1.5

4.0

9.0

Elasticity Questions

  1. A Level
  2. /Economics
  3. /Elasticity