Question 0

Cross elasticity of demand can be mathematically expressed as the

  • A.\(\frac{\text{% change in quantity of commodity X}}{\text{% change in quantity of commodity Y}}\)
  • B.\(\frac{\text{% change in quantity demanded}}{\text{% change in price}}\)
  • C.\(\frac{\text{% change in quantity demanded of commodity X}}{\text{% change in price of commodity Y}}\)
  • D.\(\frac{\text{% change in quantity demanded}}{\text{% change in income}}\)
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1994
Question no.
#0
Type
Objective

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