(Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00. The cross-price elasticity of demand for good X with respect to good Y is ____.

Question

(Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00.  The cross-price elasticity of demand for good X with respect to good Y is ____.

Quizplus · Accepted Answer

The Answer of (Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00.  The cross-price elasticity of demand for good X with respect to good Y is ____.

(Figure: Quantity of Good Y and X VI) the Price