Business, 02.03.2021 01:00, GreenHerbz206
The price of peanut butter increases from $3.00 to $3.50 per jar, and the quantity of jelly demanded falls from 30 jars to 24 jars. Using the midpoint formula, calculate the cross-price elasticity of demand. Report your answer to two decimal places.
Answers: 3
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The price of peanut butter increases from $3.00 to $3.50 per jar, and the quantity of jelly demanded...
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