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    Cross price elasticity and consumption

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    Suppose the cross-price elasticity of demand between goods X and Y is -2. How much would the price of good Y have to change in order to change the consumption of good X by 10 percent?

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    https://brainmass.com/economics/equilibrium/cross-price-elasticity-and-consumption-586377

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    Cross price elasticity = % change in quantity demanded of good X / % change in ...

    Solution Summary

    Suppose the cross-price elasticity of demand between goods X and Y is -2. How much would the price of good Y have to change in order to change the consumption of good X by 10 percent?

    $2.19