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(a) Define cross elasticity of demand. (b) The table below shows the response of ...

(a) Define cross elasticity of demand.
(b) The table below shows the response of quantity demanded to changes in price for three pairs of commodities.
Use the table to answer the questions that follow.
Commoditychanges in pricecommodityChanges in Quantity Demanded
Original Price (N) New price (N) Original Quantity (kg) New Quantity (kg)
Bread 15 20 Yam 150 200
Beef 25 40 Fish 1,000 3,000
Butter 100 50 Margarine 250 400







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