The Cross-Price Elasticity of Demand Measures the

question 162

Multiple Choice

The cross-price elasticity of demand measures the

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

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