Cross elasticity is defined as the _______________.
A) percentage change in price of a one good (A) ,divided by the percentage change in the quantity demanded of a related good (B)
B) percentage change in quantity demanded for one good (A) ,divided by the percentage change in the price of a related good (B)
C) percentage change in quantity demanded for one good (A) ,divided by the percentage change in the price of that good (A)
D) change in quantity demanded for one good (A) ,divided by the change in the price of a related good (B)
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Q47: Along a downward-sloping straight-line demand curve,
A)demand is
Q48: The demand for items on which we
Q49: If demand is unit elastic a small
Q50: If income elasticity for a good or
Q51: When the cross elasticity of demand is
Q53: When two goods are complementary goods,as the
Q54: Demand is inelastic if
A)the percentage change in
Q55: If income elasticity for a good or
Q56: Which of these has the most elastic
Q57: A perfectly elastic demand curve is
A)horizontal.
B)vertical.
C)upward sloping.
D)downward
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