Using the table below calculate the cross-price elasticity of flour with respect torice [4 marks]P1 P2 Q1 Q2Flour $9 $12 40 25Rice $4.45 $6.75 150 125
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Using the table below calculate the cross-price elasticity of flour with respect to
rice [4 marks]
P1 P2 Q1 Q2
Flour $9 $12 40 25
Rice $4.45 $6.75 150 125
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