If the price of coffee falls by 8% and the demand for Tea declines by – McqOptions

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1.	If the price of coffee falls by 8% and the demand for Tea declines by 2%. The corss price elasticity of demand for Tea is
A.	0.45
B.	0.25
C.	+0.44
D.	-0.30
Answer» C. +0.44

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