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  • 21-09-2020
  • English
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State Cross Elasticity of Demand?

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bhattabipasu bhattabipasu
  • 21-09-2020

Answer:

The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes. Alternatively, the cross elasticity of demand for complementary goods is negative.

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