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

Price elasticity of demand — practice question

The cross-elasticity of demand between two goods will be larger

  • Athe greater the difference in price between the two goods.
  • Bthe greater the income elasticities of demand for the two goods.
  • Cthe greater the price elasticities of demand for the two goods.
  • Dthe more they are regarded as similar by consumers.

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