Multiple Choice
The cross price elasticity measures
A) the responsiveness of demand for a good when income changes.
B) the responsiveness of demand for a good when the price of that good changes.
C) the responsiveness of supply of a good when the price of that good changes.
D) the responsiveness of demand for a good when the price of a different good changes.
Correct Answer:
Verified
Correct Answer:
Verified
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