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Cross Elasticity of Demand Is the Percentage Change in the Quantity

Question 7

Multiple Choice

Cross elasticity of demand is the percentage change in the quantity __________ of a good divided by the percentage change in __________.


A) demanded; the price of the good
B) supplied; the price of the good
C) demanded; the price of another good
D) supplied; the price of another good
E) demanded; income

Correct Answer:

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