A rise in the price of a smoothie from $2 to $3 results in a decrease in the quantity of smoothies demanded from 220 million to 180 million a day and at today's price of a muffin, $1.50, the quantity of muffins demanded increases from 80 million to 100 million a day. 4. Calculate the cross elasticity of demand for muffins with respect to the price of a smoothie. The cross elasticity of demand for muffins with respect to the price of a smoothie is 0.5

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