Question: explain how this is the right answer. Question: If good X increases in price by 20% a pound, and this causes the quantity demanded for

explain how this is the right answer. Question: If good X increases in price by 20% a pound, and this causes the quantity demanded for good Y to increase by 30%, what is the cross-price elastic of the two goods? Round your answer to one decimal place. If good X increases in price by 20% a pound, and this causes the quantity demanded for good Y to increase by 30%, what is the cross-price elastic of the two goods? Round your answer to one decimal place. Answer 1.5

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