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Question 7

If a 20% rise in price of Whiskey leads to a 30% increase in quantity demanded of Schnapps, the cross elasticity of demand is

  • A.3.0
  • B.2.5
  • C.2.3
  • D.1.5
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2011
Question no.
#7
Type
Objective
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