Question

what is cross- elasticity of demand ?​

Answer 1

Answer:

For example, if the price of coffee increases, the quantity demanded for tea (a substitute beverage) increases as consumers switch to a less expensive yet substitutable alternative. ... Items that are strong substitutes have a higher cross-elasticity of demand..

Explanation:

Hope it's help you dear ^_^

Answer 2

Answer:

Awiiiiiiii ,

I tell you one thing ??

Explanation:

• In 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.