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Suppose the demand curve for a product is given by

Suppose the demand curve for a product is given by Q=12-1P+2PS where P is the price of the product and PS is the price of a substitute good. The price of the substitute good is $2.70. Suppose P=$0.60. The price elasticity of demand is -0.035.

The cross-price elasticity of demand is?

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Business Management: Suppose the demand curve for a product is given by

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Business Management: Suppose the demand curve for a product is given by

Reference No:- TGS02182985

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