Suppose that when the price of peanut butter rises from $1 to $2 per jar, the quantity of jelly purchased falls from 20 million jars to 15
million jars.
Instructions: Round your answer to two decimal places. If you are entering a negative number be sure to include a negative sign (-) in
front of that number.
The cross-price elasticity of demand between peanut butter and jelly using the mid-point method is:
The goods are [(Click to select)
