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प्रश्न
What is cross elasticity of demand between two goods?
लघु उत्तर
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उत्तर
Cross elasticity of demand is the percentage change in the quantity demanded of one good in response to a percentage change in the price of another good.
- Positive → Goods are substitutes (e.g. tea & coffee)
- Negative → Goods are complements (e.g. car & petrol)
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