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:max_bytes(150000):strip_icc()/cross-elasticity-demand-Final-a26aada5972d4cda8fdd2c02a1f2724e.jpg "Cross Price Elasticity: Definition, Formula for Calculation, and Example")
Cross Price Elasticity: Definition, Formula for Calculation, and Example
Cross price elasticity of demand:
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Use the figure below to calculate the cross-price elasticity of demand for good X when the price of good Y decreases from $20 to $16. A. -3.0 B. -0.82 C. -1.22 D. -
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Cross Price Elasticity of Demand - Definition, Calculation
