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प्रश्न
What does cross elasticity of demand measure?
पर्याय
Change in demand of a good due to its own price change
Change in demand of a good due to a change in income
Change in demand of one good due to a change in price of another good
Change in supply due to technology change
MCQ
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उत्तर
Change in demand of one good due to a change in price of another good
Explanation:
Cross elasticity shows how demand for one product reacts when the price of a related product changes.
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