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 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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