determine the cross elasticity of demandmeasures, Microeconomics

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determine the cross elasticity of demandmeasures

Determine the Cross Elasticity of Demand

Measures the responsiveness of demand for good A to a given change in the price of good B. It is an significant piece of information to a firm as it helps them to predict how much the demand for their product will alter as the price of other goods change.

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Microeconomics: determine the cross elasticity of demandmeasures

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