Substitute goods and complementary goods are known as elastic goods or inelastic goods or proportional goods or related goods??
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What Is Cross Elasticity of Demand?
The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes. Also called cross-price elasticity of demand, this measurement is calculated by taking the percentage change in the quantity demanded of one good and dividing it by the percentage change in the price of the other good.
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