15. Suppose that the cross-price elasticity of demand for Amplifiers with respect to Bass Tubes is...

Transcribed Image Text:

15. Suppose that the cross-price elasticity of demand for Amplifiers with respect to Bass Tubes is -0.55. If the price of Amplifiers rises by 6%, the quantity demanded of Bass Tubes will: O rise by 11%. O fall by 11%. fall by 3.3%. O rise by 3.3%. 15. Suppose that the cross-price elasticity of demand for Amplifiers with respect to Bass Tubes is -0.55. If the price of Amplifiers rises by 6%, the quantity demanded of Bass Tubes will: O rise by 11%. O fall by 11%. fall by 3.3%. O rise by 3.3%.