Which of the following expressions represents a cross-priceelasticity of demand
ID: 1251454 • Letter: W
Question
Which of the following expressions represents a cross-priceelasticity of demand a.Percentage change in quantity demanded of apples divided bypercentage change in quantity supplied of apples. b. Percentage change in quantity demanded of apples divided bypercentage change in price of pears. c. Percentage change in price of apples divided by percentagechange in quantity demanded of apples. d. Percentage chenge in quantity demanded of apples divided bypercentage change in income. Which of the following expressions represents a cross-priceelasticity of demand a.Percentage change in quantity demanded of apples divided bypercentage change in quantity supplied of apples. b. Percentage change in quantity demanded of apples divided bypercentage change in price of pears. c. Percentage change in price of apples divided by percentagechange in quantity demanded of apples. d. Percentage chenge in quantity demanded of apples divided bypercentage change in income.Explanation / Answer
B. percentage change in quantity demanded of apples divided bypercentage change in price of pears.
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.