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Cross-price elasticity of demand

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Reference no: EM131386335

Suppose the demand curve for a product is given by Q=12-1P+2PS where P is the price of the product and PS is the price of a substitute good. The price of the substitute good is $2.70. Suppose P=$0.60. The price elasticity of demand is -0.035.

The cross-price elasticity of demand is?

Reference no: EM131386335

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