Question

If the price of coffee rises from Rs.45 per 250 gms per

pack to Rs. 55 per 250 gram per pack, and as a result the consumer's demand for tea increases from 600 packe to 800 packs of 250 gms, then the cross elasticity of demand of ten for coffee is

A 0.7

B 1.43

C 1.34

D 1.5

E None of these

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Question

If the price of coffee rises from Rs.45 per 250 gms per

Solution

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