The Percentage Change in the Quantity Demanded of One Commodity

question 5

Multiple Choice

The percentage change in the quantity demanded of one commodity resulting from a 1 percent change in the price of a complementary commodity is called the ________ elasticity of demand.

• A) income
• B) price
• C) cross
• D) equilibrium
• E) arc

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Definitions:

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Objectives set to measure the effectiveness and efficiency of an individual's or organization's work output.

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