If the Percentage Change in Quantity Demanded of Good B

question 131

Multiple Choice

If the percentage change in quantity demanded of Good B is 2 percent and the percentage change in the price of Good A is -10 percent,what is the cross-price elasticity of demand?

• A) 0.20
• B) -5
• C) 1
• D) 5
• E) -0.20

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Definitions:

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A situation or policy where individuals are required by law or rule to engage in a particular activity, such as voting or military service.

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An official count or survey of a population, typically recording various details of individuals, such as age, sex, occupation, and nationality.

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