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

By: |Published on: Nov 9|Categories: Economics WAEC| 0 comments

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

Correct Answer: Option D

D. 1.5

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