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Author Question: If the cross-price elasticity of demand between fish and chicken is 2, then a 2% increase in the ... (Read 32 times)

c0205847

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on: May 25, 2020
If the cross-price elasticity of demand between fish and chicken is 2, then a 2% increase in the price of fish will result in
◦ a 1% increase in the quantity of chicken demanded.
◦ a 10% increase in the quantity of chicken demanded.
◦ a 4% increase in the quantity of chicken demanded.
◦ 20% decrease in the quantity of chicken demanded.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by c0205847 on May 25, 2020

kristenb95

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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c0205847

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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