Question 0

If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?

  • A.percentage change in the quantity of X divded by the percentage change in the price of Y
  • B.percentage change in the quantity of X divided by change in the price of Y
  • C.change in the quantity of X divided by change in the price of Y
  • D.percentage change in the quantity of X divided by the price Y
  • E.percentage change in the price of X divided by percentage change in the quantity of Y
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1984
Question no.
#0
Type
Objective

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