Cross Elasticity of Demand Measures the

Multiple Choice

Cross elasticity of demand measures the

A) percentage change in the price of one good when the price of a complement increases by 1 percent.
B) dependence of the quantity demanded of one commodity on the quantity demanded of another.
C) dependence of the quantity demanded of one commodity on changes in the prices of that commodity.
D) sensitivity of the quantity demanded of one commodity to changes in the price of another.
E) relative importance of the price elasticity of demand to the income elasticity of demand.