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Business People Speak About Cross Elasticity of Demand Without Using

question 39

Multiple Choice

Business people speak about cross elasticity of demand without using the actual term. Which one of the following statements reflects cross elasticity of demand?


Definitions:

Aloud

To say something in a voice that can be clearly heard; not silently or in a whisper.

Exponent

A mathematical notation indicating the number of times a number is multiplied by itself.

Square

A geometric figure with four equal sides and four right angles, or the mathematical operation of multiplying a number by itself.

Calculate

To determine mathematically the amount or number of something.

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