(Answered) A local restaurant currently charges 20 for a popular fish

Economics

A local restaurant currently charges 20 for a popular fish dish and each night 100 customers order this dish. The same restaurant aslo has a side-order of chips on the menu at a cost of 5 per serve. When the price of chips increased to 5.50 sales of the fish dish fell to 90 customers per night. Calculate the cross price elasticity of demand for fish with respect to chips.

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Business Economics, Economics

Category:- Business Economics
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