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Which of the Following Expressions Represents a Cross-Price Elasticity of Demand

Question 59

Multiple Choice

Which of the following expressions represents a cross-price elasticity of demand?


A) percentage change in quantity demanded of bread divided by percentage change in quantity supplied of bread
B) percentage change in quantity demanded of bread divided by percentage change in price of butter
C) percentage change in price of bread divided by percentage change in quantity demanded of bread
D) percentage change in quantity demanded of bread divided by percentage change in income

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