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Question
The cross-price elasticity is measured by
a. percentage change in the price of one good divided by the percentage change in the demand for the other good.
b. percentage change in the demand for one good divided by the percentage change in the price of the other good.
c. percentage change in the demand for one good divided by the percentage change in the demand for the other good.
d. percentage change in the price of one good divided by the percentage change in the price of the other good.
e. the change in the price of one good divided by the change in demand for the other good.
Answer
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