Economics 9708 · AS & A Level · Price elasticity of demand

Price elasticity of demand — practice question

How is the cross-elasticity of demand for good X with respect to good Y measured?

  • Athe change in the demand for X divided by the change in the price of Y
  • Bthe change in the price of X divided by the change in the demand for Y
  • Cthe percentage change in the demand for X divided by the percentage change in the price of Y
  • Dthe percentage change in the demand for Y divided by the percentage change in the price of X

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