Question 19

Cross elasticity of demand can be measured using one of the following formulae.

  • A.% change in quantity demanded / % change in consumers income
  • B.% change in quantity demanded / % change in price
  • C.% change in price of commodity Y / % change in quantity demanded of commodity X
  • D.% change in quantity demanded of commodity / % change in price of commodity Y
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2012/2013
Question no.
#19
Type
Objective

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