A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2012 · Q81 Mark
The table shows the quantities demanded (Q) of goods X and Y corresponding to different prices (P) of the two goods. [Figure 8.1] Within which range is the value of the cross elasticity of demand for good Y with respect to the price of good X?
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A0.75 to 1.5
B1.50 to 2.4
C1.66 to 2.0
D1.75 to 2.5
✓ Correct answer
C: 1.66 to 2.0
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