Below are some data on price,income and demand for five different time periods.

-Refer to the information above to answer this question.What is the cross price elasticity of demand of product X for Y between years 4 and 5?
A)- 0.89.
B)+ 3.0.
C)- 3.42.
D)Cannot be determined.

Question

Below are some data on price,income and demand for five different time periods.
 
-Refer to the information above to answer this question.What is the cross price elasticity of demand of product X for Y between years 4 and 5?
A)- 0.89. 
B)+ 3.0. 
C)- 3.42. 
D)Cannot be determined.

Quizplus · Accepted Answer

The question does not provide sufficient information, such as the prices and quantities of products X and Y in years 4 and 5, to calculate the cross price elasticity of demand.

Below Are Some Data on Price,income and Demand for Five