When the price of hamburger rolls is $.25 per roll, 25 hamburgers are consumed per week. If the price rises to $.50 per roll, however, 40 hamburgers are consumed per week. Calculate the cross elasticity of demand. Based solely on the CED, are hamburgers and rolls substitutes or complements?

Answer rating: 100% (QA)

To calculate the cross elasticity of demand CED we use the formula CED Change in Quantity De... View the full answer