What is the expected change in demand for jifs peanut butter


Problem

The cross price elasticity of demand for Jif's peanut butter with respect to the price of Skippy Creamy peanut butter is 15. If we expect the price of Skippy Creamy to decline by 10M, what is the expected change in the demand for Jif's peanut butter?

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Microeconomics: What is the expected change in demand for jifs peanut butter
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