Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Topic started by: Md. Alamgir Hossan on April 04, 2017, 04:19:32 PM

Title: Cross Elasticity of Demand:
Post by: Md. Alamgir Hossan 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"