Change in demand due to a change in the price of related good :
A)Cross demand
B)Price demand
C)Income demand
D)None of these

Question

Quizplus · Accepted Answer

Cross demand refers to the change in demand for a good due to a change in the price of another related good. This can be seen in complementary goods (where a price increase in one leads to a decrease in demand for the other) or substitute goods (where a price increase in one leads to an increase in demand for the other).

Change in Demand Due to a Change in the Price