Question

Statements that are related to cross elasticity of demand:

1. Change in quantity demanded of one commodity due to a change in the price of other commodity
2. It is a type of elasticity of demand.
3. It is applicable to complementary goods and substitutes.
4. It is expressed as Ey = % ΔQ / %ΔY

विकल्प

• a, b, c, d

• a, b, c

• only b

• a, b

Answer 1

a, b, c