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When the price of ketchup rises by 15% the demand for hotdog falls by 1% Calculate the cross -price elastcity of demand Given the elasticity you calculated, did it make sense for supermarket to raise it’s price?
When the price of ketchup rises by 15% the demand for hotdog falls by 1% Calculate the cross -price elastcity of demand Given the elasticity you calculated, did it make sense for supermarket to raise it’s price?