Question

what is cross elasticity of demand ?​

Answer 1

Answer:

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

Answer 2

Answer:

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. Alternatively, the cross elasticity of demand for complementary goods is negative.

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