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

Price elasticity of demand — practice question

If the price of good X increases by 10 %, the demand for its complementary good Y changes by 20 %. What is the cross elasticity of demand for good Y with respect to good X?

  • A+2
  • B+0.5
  • C–0.5
  • D–2

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