The cross-price elasticity of demand measures the
A) absolute change in the quantity demanded of one good divided by the absolute change in the price of another good.
B) percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
C) percentage change in the price of one good divided by the percentage change in the quantity demanded of another good.
D) percentage change in the quantity demanded of one good in one location divided by the price of the same good in another location.
Correct Answer:
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