If q is the quantity of chicken demanded as a function of the price p of beef, the
Chapter 4, Problem 26(choose chapter or problem)
If q is the quantity of chicken demanded as a function of the price p of beef, the cross-price elasticity of demand for chicken with respect to the price of beef is defined as Ecross = |p/q dq/dp|. What does Ecross tell you about the sensitivity of the quantity of chicken bought to changes in the price of beef?
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