sannielle365 sannielle365

15-05-2023
Mathematics

contestada

Q1.
A fall in the price of good X from GH¢6 to GH¢4 causes a decrease in the quantity of good Y
demanded from 1,100 to 900. What is the cross-price elasticity of demand between good X and
good Y?
(a) 0.5
(b) -0.5
(c) 2.0
(d) 3.5

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