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Cross- Price Elasticity of Demand May Be Defined as
A) percentage change in quantity demanded of good x percentage change in income \frac{\text {percentage change in quantity demanded of good \( x \) }}{\text {percentage change in income }}

Question 40

Multiple Choice

Cross- price elasticity of demand may be defined as


A) percentage change in quantity demanded of good x percentage change in income \frac{\text {percentage change in quantity demanded of good \( x \) }}{\text {percentage change in income }}
B) percentage change inquantity demanded of good x percentage change in price of good Y \frac{\text {percentage change inquantity demanded of good \( x \) }}{\text {percentage change in price of good \( Y \) }}
C) percentage change in price of good x percentage change in price of good Y \frac{\text {percentage change in price of good \( x \) }}{\text {percentage change in price of good \( Y \) }}
D) percentage change in quantity demanded of good x  percentage change in price of good x\frac{\text {percentage change in quantity demanded of good \( x \) }}{\text { percentage change in price of good \( x \) }}
E) percentage change in price of good Y percentage change in quantity demanded of good x \frac{\text {percentage change in price of good \( Y \) }}{\text {percentage change in quantity demanded of good \( x \) }}

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