Home » Past Questions » Economics » If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT...

If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT...


Question

If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?

Options

A)
percentage change in the quantity of X divded by the percentage change in the price of Y
B)
percentage change in the quantity of X divided by change in the price of Y
C)
change in the quantity of X divided by change in the price of Y
D)
percentage change in the quantity of X divided by the price Y
E)
percentage change in the price of X divided by percentage change in the quantity of Y

The correct answer is A.


More Past Questions:


Discussion