In the graph shown below, the demand for good X shifts due to a change in the price of a related good Y. Holding the price of good X constant at $200, answer the following questions:

-The graph shows how the demand for X shifts when the price of related good Y decreases from $120 to $100. Using the information in the graph, the cross-price elasticity of
demand for X and Y is calculated to be _________.

Question

In the graph shown below, the demand for good X shifts due to a change in the price of a related good Y. Holding the price of good X constant at $200, answer the following questions:
 
-The graph shows how the demand for X shifts when the price of related good Y decreases from $120 to $100. Using the information in the graph, the cross-price elasticity of
 demand for X and Y is calculated to be _________.

Quizplus · Accepted Answer

The Answer of In the graph shown below, the demand for good X shifts due to a change in the price of a related good Y. Holding the price of good X constant at $200, answer the following questions:
 
-The graph shows how the demand for X shifts when the price of related good Y decreases from $120 to $100. Using the information in the graph, the cross-price elasticity of
 demand for X and Y is calculated to be _________.

In the Graph Shown Below, the Demand for Good X