(Answered) What is the meaning cross elasticity of demandwhen the

Economics

What is the meaning cross elasticity of demand?

When the price of commodity A fall from $120 - $100 per item the quantity demanded for the commodity B fall from $150 -$100. Determine the cross elasticity od demand

When the price of commodity X falls from $25-$20 the quantity demanded for commodity Y increases from 100-110. Determine whether the products are substitutes or compliments.

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Microeconomics, Economics

Category:- Microeconomics
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