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MA_775_DIABLO [31]
3 years ago
14

The cross elasticity of demand​ measures: (A) the elasticity of demand at the intersection of the supply and demand curves. (B)

the relationship between the demand for one good and the price of another. (C) the relationship between the demand for one good and the supply of another. (D) the relationship between the demand and supply of one good at the intersection of the curves.
Business
1 answer:
irakobra [83]3 years ago
4 0

Answer:

B - the relationship between the demand for one good and the price of another. 

Explanation:

The cross elasticity of demand measures the degree of responsiveness of quantity demanded of one good to changes price of another good.

The cross elasticity of demand of subsistuite goods are positive.

The cross price elasticity of substitute goods are negative.

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