The quantity demanded of photo prints increased 8.4% when the price of picture frames decreased 7.6%. What is the estimated cross-price elasticity of demand for photo prints

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )