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Commerce · Q1142

Economics

Graduate and Post Graduate · Commerce · question 1142

Q1142

An increase in the price of tea from Rs. 40 per pound to Rs. 50 per pound increase the demand for coffee from 500 pounds to 600 pounds. The cross elasticity of demand is

A.
B.
C.
D.
Answer

Answer: Option D

Solution

Answer: Option D
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