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28 June, 05:33

Cross-price elasticity is the change in price of product A divided by change in quantity demanded for product B. percentage change in quantity demanded of product A compared to the percentage change in price of product B. change in quantity of a product demanded divided by the change in its elasticity. change in quantity of a product demanded divided by the change in its price. percentage change in quantity of a product demanded divided by the percentage change in its price.

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  1. 28 June, 07:58
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    Percentage change in quantity demanded of product A compared to the percentage change in price of product B.

    Explanation:

    Demand cross-elasticity is the measure of the relative change in the quantity demanded for a good or service (A) as a function of a certain relative change in the price of another good or service (B) considered to be a substitute for or complementary to the first (A). For example, how much would increase the amount of margarine demanded if there was an increase in the price of butter.
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