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Re: Cross elasticity of demand is the change in the demand for one good in response to a change
11/6/2011 7:59:19 PM
Dear Sharma,Thanks for posting.
Cross elasticity of demand is the change in the demand for one good in response to a change in the price of the related good i.e., change in the price of the complementary and substitute goods how it affects the demand of the good.
Please send other queries or further discussion on the subject in the forum.
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