Q1. If the price of pork increases by 10 percent, by how much does the demand for beef change?
Q2. If the price of clothing increases by 10 percent, by how much does the demand for food change?
Cross-Price Elasticity of Demand
Commodity x Commodity y Cross-Price Elasticity
Margerine (US) Butter (US) 1.53
Pork (US) Beef (US) 0.40
Mutton/Lamb Beef/Veal (UK) 0.28
Pork (UK) Beef/Veal (UK) 0.00
Natural Gas (US) Electricity (US) 0.80
Coal (Ireland) Oil (Ireland) 0.70
Coal (Ireland) Natural Gas (ireland) 0.40
Entertainment (US) Food (US) -0.72
European Cars Us domestic and asian cars 0.76
Asian Cars Us domestic and european cars 0.61
US domestic cars European and Asian care 0.28
Automobile (Australia) Bus transportation (Australia) 0.07