Register

A 10 percent increase in the price of tea causes 8 percent increase in the demand for coffee. the cross elasticity of demand for coffee with respect to the price of tea is a. -0…

A 10 percent increase in the price of tea causes 8 percent increase in the demand for coffee. the cross elasticity of demand for coffee with respect to the price of tea is a. -0…
asked 213k views
2 votes
A 10 percent increase in the price of tea causes 8 percent increase in the demand for coffee. the cross elasticity of demand for coffee with respect to the price of tea is

a. -0.4.
b. 0.4.
c. -2.5.
d. 2.5.

asked
User Ilia Kondrashov
by
8.0k points

1 Answer

2 votes
it appears to be C hope this helps
answered
User Samitha Chathuranga
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!