If a 5 percent rise in the price of sushi increases the quantity of soy sauce demanded

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If a 5 percent rise in the price of sushi increases the quantity of soy sauce demanded by 2 percent and decreases the quantity of sushi demanded by 1 percent, calculate the
a. Price elasticity of demand for sushi.
b. Cross elasticity of demand for soy sauce with respect to the price of sushi.
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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