DP Economics Questionbank
Cross price elasticity of demand and its determinants
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[N/A]Directly related questions
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21M.3.HL.TZ0.1c:
Table 1 provides information about Good X and Good Y, which are related goods.
Table 1
Using Table 1, calculate the cross price elasticity of demand between Good X and Good Y when the price of Good X increases.
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18M.1.SL.TZ1.1a:
Explain how the value of the cross price elasticity of demand (XED) for a particular good is determined by its relationship to other goods.