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Cross Elasticity of Demand Measures the Responsiveness of Changes in the Quantity

Question 137

Multiple Choice

Cross elasticity of demand measures the responsiveness of changes in the quantity __________ of one good to changes in __________.


A) demanded; the price of the same good
B) demanded; income
C) demanded; the price of another good
D) supplied; the price of the same good
E) none of the above

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