Economy, asked by shubhgaw, 1 year ago

cross elasticity of demand. Define or explain​

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Answered by ujjawal3536
2

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In economics, the cross elasticity of demand or cross-price elasticity of demand measures the responsiveness of the quantity demanded for a good to a change in the price of another good, ceteris paribus.

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Answered by tanisha9875
1

the cross elasticity of demandor cross-price elasticity of demand measures the responsiveness of the quantity demanded for a good to a change in the price of another good, ceteris paribus.

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