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The Formula for the Cross-Price Elasticity of Demand Can Be η\eta

Question 2

Multiple Choice

The formula for the cross-price elasticity of demand can be written as:


A) η\eta XY = ( Δ\Delta QX / Δ\Delta PY) (PY / QX)
B) η\eta XY = ( Δ\Delta PY / Δ\Delta QX) (PY / QX) .
C) η\eta XY = ( Δ\Delta PY / Δ\Delta QX) (PY / QX)
D) η\eta XY = ( Δ\Delta PY / Δ\Delta QX) (QX / PY) .
E) none of the above.

Correct Answer:

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