The cross-price elasticity of demand is
A) price elasticity of demand multiplied by the income elasticity of demand
B) the percent change in the price of one commodity with respect to a one-percent change in the quantity demanded of another commodity
C) the percent change in the demand for one commodity with respect to a one-percent change in the price of another commodity
D) negative for substitute goods
E) price elasticity of demand crossed with consumer incomes
Correct Answer:
Verified
Q116: The fact that travel on buses fell
Q117: The income elasticity of demand measures
A)the relative
Q118: Suppose that the income elasticity of demand
Q119: Q120: After John's income rose by 8 percent,the Q122: Price elasticity of supply Q123: The effect of a change in the Q124: The supply of a good is more Q125: If the cross-price elasticity of demand between Q126: 
A)is always a number
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