6. The cross-price elasticity of demand measures the effect of a change in one goods price on...
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6. The cross-price elasticity of demand measures the effect of a change in one good’s price on the quantity of another good demanded. The cross -price elasticity of demand can be positive, in which case the goods are substitutes, or negative, in which case they are complements.
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Related Book For 
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
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