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Question 8 The cross-price elasticity of demand between Coca-Cola and Pepsi-Cola is calculated by dividing the percentage cha
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cross price elasticity of demand measures the responsiveness of change in the quantity demanded of one good when there is a change in the price of its complementary good or substitute good. it is found as the ratio of percentage change in the quantity demanded of one good to the percentage change in the price of the other.

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