A fall in the price of cameras cause the demand for film to rise by 20%. The

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A fall in the price of cameras cause the demand for film to rise by 20%. The cross elasticity of demand between cameras and film is -2. Which change in camera prices has brought this about.

A. from $60 to $50

B. From $55. to $45.

C. From $50. to $45.

D. From $50 to $40

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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Posted Date: May 03, 2019 10:06 AM

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A fall in the price of cameras cause the demand for film to rise by 20%. The

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C is right option Fr... View the full answer

International Economics

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