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  3. Study Set
    Microeconomics Study Set 4
  4. Exam
    Exam 5: Elasticity: Demand and Supply
  5. Question
    Cross-Price Elasticity Is Represented by the Formula DQ/DP ´ P/Q;
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Cross-Price Elasticity Is Represented by the Formula DQ/DP ´ P/Q;

Question 3

Question 3

True/False

Cross-price elasticity is represented by the formula DQ/DP ´ P/Q; where P and DP represent the price and change in price of a related good respectively.

Correct Answer:

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