Cross elasticity of demand/Definition: Difference between revisions
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imported>Nick Gardner (New page: The percentage change in the quantity demanded of one good as a result of a unit percentage change in the price of another good.) |
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The percentage change in the quantity demanded of one good as a result of a unit percentage change in the price of another good. | The percentage change in the quantity demanded of one good as a result of a unit percentage change in the price of another good. | ||
Latest revision as of 21:20, 22 May 2008
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Cross elasticity of demand [r]: The percentage change in the quantity demanded of one good as a result of a unit percentage change in the price of another good.