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What Does Cross-Price Elasticity of Demand Measure

Question 131

Multiple Choice
What does cross-price elasticity of demand measure
A)how the quantity demanded of a good changes as price changes
B)how the quantity demanded of a good changes as income changes
C)how the quantity demanded of one good changes as the price of another good changes
D)how the price of a good is affected as the price of another good changes

What does cross-price elasticity of demand measure


A) how the quantity demanded of a good changes as price changes
B) how the quantity demanded of a good changes as income changes
C) how the quantity demanded of one good changes as the price of another good changes
D) how the price of a good is affected as the price of another good changes

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