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QUESTION 32 The cross-price elasticity of demand is the: absolute change in quantity demanded resulting from...

QUESTION 32 The cross-price elasticity of demand is the: absolute change in quantity demanded resulting from a one unit increase in income % change in quantity demanded resulting from the absolute increase in income % change in quantity demanded of good X from a % change in the price of good Y % change in the price of good X as the price of good Y changes

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Cross price elasticity of demand is the percentage change in the demand for good X in relation to the change in the price of good Y. The answer is "D".

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