Question: Check In this question we are concerned with examining how demand for Dymatize whey protein will respond to a price change in ON whey protein.

 Check In this question we are concerned with examining how demand

Check In this question we are concerned with examining how demand for Dymatize whey protein will respond to a price change in ON whey protein. Suppose ON increased the price of their whey protein from $20 to $30 and as a result sales for Dymatize protein have increased from 10 units to 20 units. The information on Dymatize is given the demand curves and table below as well: Dymatize Price Product Demand Price - Product Demand 1 $20 Product Demand 2 20 $20 Product The cross-price elasticity of demand value from the change in ON price is This means that Dyamatize and ON whey protein are goods and that the response type is Multiple Choice O 1.68, complimentary goods, elastic O .59, substitute goods, inelastic O .59, complimentary goods, inelastic O 1.68, substitute goods, elastic

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