A local bakery gives information on consumer purchasing habits for muffins and cupcakes.It says that when the price of a muffin is $1,people buy 55 cupcakes.When the price of a muffin is raised to $2,cupcake purchases go up to 65 cupcakes.The cross-price elasticity of demand is
A) 0.50.
B) 0.25.
C) 0.67.
D) 2.00.
E) 4.00.

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The Answer of A local bakery gives information on consumer purchasing habits for muffins and cupcakes.It says that when the price of a muffin is $1,people buy 55 cupcakes.When the price of a muffin is raised to $2,cupcake purchases go up to 65 cupcakes.The cross-price elasticity of demand is
A) 0.50.
B) 0.25.
C) 0.67.
D) 2.00.
E) 4.00.

A Local Bakery Gives Information on Consumer Purchasing Habits for Muffins