If the quantity demanded of edible oil increases by 5% when the price – InterviewSolution

1.	If the quantity demanded of edible oil increases by 5% when the price of ghee increases by 20%, the cross-price elasticity of demand between edible oil and ghee is (a) -0.25 (b) 0.25 (c) – 4 (d) 4
Answer» Correct answer is (b) 0.25

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