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The Cross Elasticity of Demand Is a Measure of How

Question 41

Multiple Choice

The cross elasticity of demand is a measure of how


A) responsive consumers are to changes in the price of a product.
B) responsive suppliers are to changes in the price of a product.
C) demand for a product changes when the price of a substitute or complement changes.
D) total revenue changes when the price of a product changes.
E) demand for a product changes when income changes.

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