The Extent to Which the Demand for a Good Changes

question 194

Multiple Choice

The extent to which the demand for a good changes when the price of a substitute or complement changes,other things remaining the same,is measured as the

• A) income elasticity of demand.
• B) cross elasticity of demand.
• C) price elasticity of demand.
• D) price elasticity of supply.
• E) cross income elasticity of demand.

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Definitions:

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Approach-Approach Conflict

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