Business Studies, asked by pikkuagrahari, 2 months ago

throw light on the various degrees associated with cross elasticity

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Answered by lTheDreamCatcherl

NAZUAK❤

The extent of relationship between two related goods can be measured by cross- elasticity of demand. In other words, cross-elasticity of demand measures the receptiveness of quantity demanded of a good with respect to change in the price of its substitute or complementary good.

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