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The Cross Elasticity of Demand Measures the Responsiveness of the Quantity

Question 135

Multiple Choice

The cross elasticity of demand measures the responsiveness of the quantity demanded of a particular good to changes in the prices of


A) its complements but not its substitutes.
B) its substitutes but not its complements.
C) its substitutes and its complements.
D) neither its substitutes nor its complements.

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