manuel517 manuel517

16-02-2024
Business

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When the price of blueberry jam increased by 5 percent, the quantity of peanut butter sold decreased by 4 percent and the quantity of raspberry jam sold increased by 5 percent.
What is the cross-price elasticity of demand between blueberry jam and peanut butter?
A. 0.80
B. 1.25
C. -1.25
D. -0.80

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