If the quantity of peanut butter demanded increases by 4% when the price of jelly decreases by 2%, the cross-price elasticity of demand between peanut butter and jelly is
A) -4.
B) -2.
C) -0.5.
D) 2.

Question

Quizplus · Accepted Answer

The Answer of If the quantity of peanut butter demanded increases by 4% when the price of jelly decreases by 2%, the cross-price elasticity of demand between peanut butter and jelly is
A) -4.
B) -2.
C) -0.5.
D) 2.

If the Quantity of Peanut Butter Demanded Increases by 4