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cross elasticity of demand

cross elasticity of demand

responsiveness in the quantity demand of one good when a change in price takes place in another good

en-GB/ˈkɹɒs ɪlɑːˈstɪsɪtɪ əv dɪˈmɑːnd/

en-US/ˈkɹɔs ɪlæˈstɪsɪti ʌv dɪˈmænd/

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