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The Cross-Price Elasticity of Demand Measures

Question 52

Multiple Choice

The cross-price elasticity of demand measures


A) how the quantity demanded of one good changes along with income
B) the slope of the demand curve
C) the slope of the supply curve at the point of equilibrium
D) the responsiveness of the quantity demanded of one good to changes in the price of another good
E) how responsive changes in price are to changes in quantity demanded

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