Author Topic: Cross Elasticity of Demand:  (Read 112 times)

Offline Md. Alamgir Hossan

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Cross Elasticity of Demand:
« on: April 04, 2017, 04:19:32 PM »

The cross elasticity of demand is computed as the percentage change in substitute /complement goods/services the quantity demanded divided by the percentage change in price of substitute goods/services.

"Cross\ elasticity\ of\ demand"="Percentage\ change\ in\ quatity\ demand\ of\ substitute\ goods\/services" /"Percentage\ change\ price\ in\ substitute\ goods\/services"