cross elasticity of demand
cross elasticity of demand
Glossary micro and macro economics
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Economics
Definition of cross elasticity of demand
cross elasticity of demand : ratio of the percentage change in quantity demanded of one good to the percentage change in the price of another good. If the coefficient is positive, the two goods are substitute. If the coefficient is negative, they are considered complementary.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of cross elasticity of demand
Meaning of cross elasticity of demand
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