(Answered) Data collected in the imaginary economy of petubia reveals

Economics

Data collected in the imaginary economy of petubia reveals that when the price of hizzle increased by 25%, the quantity of hizzle decreased by 10%, and the quantity of vort demanded increased by 30%.

What is the cross-price elasticity of demand between vort and hizzle?

3
-3
0.83
1.2

Which of the follow can you conclude based on this information? Check all that apply.

The demand for vort is price elastic in this price range.
Hizzle and vort are unrelated
The demand for hizzle is price elastic in this price range.
Hizzle and vort are substitutes

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