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Business, 04.04.2020 04:03 tiiia

When the price of chicken is $2.00 per pound, consumers buy 50 pounds of hamburger. When the price of chicken rises to $3.00 per pound, 60 pounds of hamburger are purchased. The cross- price elasticity of demand between chicken and hamburger is approximately equal to?

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When the price of chicken is $2.00 per pound, consumers buy 50 pounds of hamburger. When the price o...
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