Economy, asked by Balajinaik8589, 6 months ago

Distinguished between price elasticity of demand and Cross elasticity of demand

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Answered by ry464514

Answer:

Price Elasticity of Demand = Percentage change in the quantity demanded/ percentage change in the price. Cross elasticity of demand is responsible for measuring the actual change in the demand for one product because of the price change of another product.Nov 27, 2016

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