What is Cross Elasticity of Demand?

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It may be defined as the proportionate change in the quantity demanded of a particular commodity in response to a change in the price of another related commodity.

kratos · Answer 1 · 2020-12-25T11:09:38+0000

It may be defined as the proportionate change in the quantity demanded of a particular commodity in response to a change in the price of another related commodity.

What is Cross Elasticity of Demand?

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What is Cross Elasticity of Demand?

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