41. The cross price elasticity of supply of steak and leather is:

Name: 41. The cross price elasticity of supply of steak and leather is:
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The cross price elasticity of supply between steak and leather is positive because they are by-products of the same production process (cattle). When the price of one increases, it becomes more profitable to produce more of the primary product (cattle), which increases the supply of both steak and leather.

41 the Cross Price Elasticity of Supply of Steak and Leather