The Cross Elasticity of Demand Is Calculated as the Percentage

question 97

Multiple Choice

The cross elasticity of demand is calculated as the percentage change in the

• A) quantity demanded of one good divided by the percentage change in the price of another good
• B) price of one good divided by the percentage change in the quantity demanded of another good.
• C) quantity demanded of one good divided by the percentage change in the quantity demanded of another good.
• D) price of one good divided by the percentage change in the price of another good.

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