Question:
What is Cross Elasticity of Demand [XED] -Give the Formula
Author: eric_galvaoAnswer:
-Shows how Quantity Demanded for Good X responds via a Change in Price for Good Y XED = % Change in Quantity Demanded [Qd] for Good X / % Change in Price [P] of Good Y XED = % Change in Qd of Good X / % Change in P of Good Y
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eric_galvao