woldie asnake

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Questions

The following questions were asked by visitors named woldie asnake.

suppose at a local grocery store the price of butter increase from 1 to 1.50 pet pound. as a result the quantities demanded of margarine increase from 500 to 600 pounds. a. compute the arc cross elasticity of demand? b. interpret the result?
10 years ago

Answers

The following answers were posted by visitors named woldie asnake.