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How is the cross-elasticity of demand calculated? a. By dividing the change in the quantity demanded of product A by the change in the price

How is the cross-elasticity of demand calculated?

a.

By dividing the change in the quantity demanded of product A by the change in the price of product B.

b.

By dividing the percentage change in the quantity demanded of product A by the percentage change in the price of product B.

c.

By dividing the change in the price of product A by the change in the quantity demanded of product B.

d.

By dividing the percentage change in the price of product A by the percentage change in the quantity demanded of product B.

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