Vik and Fleet produce trainers in the sports-shoe market. For one of their main products they have the following demand curves: Vik PV =175 - 1:2Qv, Fleet Pf = 125 - 0:8Qf where P is in Rs. and Q is in pairs per week. The firms are currently selling 80 and 75 pairs of their products per week respectively.  What is the cross-elasticity between the two products?

Microeconomics: Private and Public Choice (MindTap Course List)
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Vik and Fleet produce trainers in the sports-shoe market. For one of their main products they have the following demand curves: Vik PV =175 - 1:2Qv, Fleet Pf = 125 - 0:8Qf where P is in Rs. and Q is in pairs per week. The firms are currently selling 80 and 75 pairs of their products per week respectively.

 What is the cross-elasticity between the two products?

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