Answer:
Cross-price elasticity = 2
Explanation:
The cross-price elasticity of demand measures the degree of responsive of quantity demand of a product with respect to change in the price of a related product. The related product could be a substitute or a complement.
The elasticity is determined as follows:
= % change in the quantity of syrup/% change in the price of milk
= 9%/4.5%= 2
Cross-price elasticity = 2
