Multiple Choice
Cross-price elasticity refers to:
A) how much the demand for one good changes in response to a change in the price of a different good.
B) how much the demand for one good changes in response to a change in its price.
C) the magnitude of the shift in demand for a good in response to a change in its price.
D) None of these is true.
Correct Answer:
Verified
Correct Answer:
Verified
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