Social Studies
Social Studies, 20.10.2021 14:00, quan5379

8. When price of tea in local café rises from Br. 10 to 15 per cup, demand for coffee rises from 3000 cups to 5000 cups a day despite no change in coffee prices. A) Determine cross price elasticity. B) Based on the result, what kind of relation exists between the two goods?

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8. When price of tea in local café rises from Br. 10 to 15 per cup, demand for coffee rises from 300...

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