Economics 9708 · AS & A Level · Price elasticity of demand

Price elasticity of demand — practice question

The cross-elasticity of demand between good P and good Q is –0.4. The cross-elasticity of demand between good P and good R is +0.6. Which pair of goods is most likely described by this information?

  • Acream; yoghurt; raspberry
  • Byoghurt; strawberry; raspberry
  • Cstrawberry; cream; raspberry
  • Dstrawberry; raspberry; cream

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