When the price of bread increases by 3 percent the quantity demanded of crackers increases by 2 percent the cross elasticity of demand between crackers and bread is?
48.The cross elasticity between Rolaids and Tums is expected to be:a.negative.b. positive.c.zero.d. one.e.infinite.86.If margarine and butter are substitutes, then their cross-elasticity coefficient will be:A.strictly greater than one.B.positive.C.equal to zero.D.negative.ANS:BPTS:1DIF:ModerateREF:Cross-elasticity of demand