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Home Q & A Board Other Fields Homework Help Business Economics
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Tragamin Tragamin
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Posts: 588
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6 years ago
The cross elasticity of demand between any two products is defined as the percentage change in the
A) quantity demanded of one product divided by the percentage change in the price of a substitute or complement.
B) price elasticity of demand for one product divided by the change in the price elasticity of demand for the substitute or complement.
C) quantity of a product demanded divided by the percentage change in its price.
D) quantity of a product demanded divided by the percentage change in income.
E) price of a product divided by the percentage change in the price of the substitute or complement.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
Read 65 times
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#1
6 years ago
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