Advertisements
Advertisements
प्रश्न
Give economic term:
Degree of responsiveness of a change in quantity demanded of one commodity due to a change in the price of another commodity.
एक शब्द/वाक्यांश उत्तर
Advertisements
उत्तर
Cross elasticity of Demand
Explanation:
It measures the degree of responsiveness of the quantity demanded of one good to a change in the price of another good.
`E_xy = "Percentage change in quantity demanded of good X"/"Percentage change in price of good Y"`
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
