When price of coke rises from 5 to 7 quantities demanded


When price of coke rises from $5 to $7, quantities demanded for coke falls from 1000 to 800, and quantities demanded for pepsi rises from 300-400.  Calculate the cross elasticity of demand, using the mid-point approach.

 

 

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Microeconomics: When price of coke rises from 5 to 7 quantities demanded
Reference No:- TGS01114542

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