Multiple Choice
How is cross-price elasticity of demand calculated?
A) As the percentage change in quantity demanded divided by percentage change in price of a good
B) As the percentage change in quantity demanded of one good divided by percentage change in price of a different good
C) As the percentage change in quantity sold divided by percentage change in buyers' incomes
D) As the percentage change in quantity supplied divided by percentage change in price of a good
Correct Answer:
Verified
Correct Answer:
Verified
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