Economy, asked by adityakvgb2010, 1 month ago

Substitute goods and complementary goods are known as elastic goods or inelastic goods or proportional goods or related goods??​

Answers

Answered by arundhatisengupta8i2
1

Explanation:

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.

Answered by kinneraravi68914
1

Answer:

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