Business, 12.01.2021 09:30 daedae11142
3. The demand for petrol rises from 500 to 600 Barrels when the price of a particular scooter is reduced from birr 25000 to birr.22000. Find out the cross elasticity of demand for the two. What is the nature of goods and relationship? The cross-price elasticity of demand is computed as:
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