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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #721740
Introduction to Economics 1 Deneme Sınavı Sorusu #721740
What is the term used to refer to the measure of how much the quantity demanded of one good responds to a change in the price of another good?
|
income elasticity of demand |
|
the law of demand |
|
cross-price elasticity of demand |
|
the price elasticity of demand |
|
price elasticity of supply |
Yanıt Açıklaması:
The cross-price elasticity of demand is a measure of how much the quantity demanded of one good responds to a change in the price of another good. The correct answer is C.
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