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Commerce · Q992

Economics

Graduate and Post Graduate · Commerce · question 992

Q992

\% Change in quantity demanded of good x\% Change in the price of good y This formula indicates to


This formula indicates to
A.
cross price elasticity of demand
Answer
B.
income elasticity of demand
C.
price elasticity of supply
D.
cost elasticity of supply

Answer: Option A

Solution

Answer: Option A
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