Spinach and lettuce are substitutes for consumers. The price of lettuce is $1.70...
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Spinach and lettuce are substitutes for consumers. The price of lettuce is $1.70 each. When units of spinach are $2.60 each, demand for lettuce is P = 5.7 - 0.002Q and when units of spinach are $2.70 each, demand for lettuce is P = 6.4 - 0.002Q.
Calculate the cross price elasticity of demand for spinach and lettuce.
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