The Formula for Cross-Price Elasticity Is

question 111

Multiple Choice

The formula for cross-price elasticity is

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

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