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Please make a graph of the following in MICROSOFT EXCEL to explain THE FULL answer of the following.

Suppose the quantity of gadgets demanded is reported to have fallen by 20 units—from 50 to 30 units—as a result of a per-unit-price increase in widgets from $10 to $14, what is the cross-price elasticity of demand? Explain your cross-price elasticity coefficient and graphically show and explain the consumer responses in both markets. As a manager, carefully explain why your estimated coefficient may or may not influence your pricing decision in this case.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91676082

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