Economy, asked by palstyasingh815, 1 month ago

what is cross elasticity of demand ?

Answers

Answered by tkmeena246

Answer:

Key Takeaways

Explanation:

Cross elasticity of demand is an economic principle that measures demand one good when the price of another one changes.

If the cross elasticity of demand equals a negative number, the two products measured are complementary.

If the cross elasticity of demand equals a positive number, the two products measured are substitutive.

please make it branileast

Answered by prafullkumarx

Explanation:

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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