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Suppose the cross-price elasticity of demand between peanut butter and jelly is -2.50. This implies that a 20 percent increase in the price of peanut butter will cause the quantity of jelly purchased to


A、fall by 8 percent.;

B、fall by 50 percent.;

C、rise by 8 percent.;

D、rise by 50 percent.

发布时间:2025-01-26 08:28:07
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答案:fall by 50 percent.
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