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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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