Question: Using the above information and the midpoint method, what’s the cross price elasticity between pencils and erasers when the price of erasers change from ( $ 0.50 ) to ( $ 1.10 ) ? (Hint: enter your answers in 2 decimals) Your Answer: AnswerSee the answerSee the answerSee the answer done loadingShow transcribed image text 100% (1 rating)Answer – Cross PED = [(17-24)/(17 24)/2]…View the full answerTranscribed image text: Using the above information and the midpoint method, what’s the cross price elasticity between pencils and erasers when the price of erasers change from $0.50 to $1.10 ? (Hint: enter your answers in 2 decimals) Your Answer: Answer
