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What is Cross Elasticity of Demand?

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  3. What is Cross Elasticity of Demand?

What is Cross Elasticity of Demand? Formula, Types, Example

  • Post last modified:6 April 2023
  • Post category:Economics
  • Reading time:25 mins read
Cross Elasticity of Demand

The cross elasticity of demand can be defined as a measure of a proportionate change in the demand for goods as a result of a change in the price of related goods.

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