Question on: JAMB Economics - 2000
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When commodity X sold for N25 per unit, 50 units of commodity Y were purchased. With an increase in the price of commodity X to N50 per unit, the demand for commodity Y fell to 20 units.
Determined the cross elasticity of demand?
A
1.7
B
0.6
C
-0.6
D
-1.7
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Correct Option: A
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