JAMB - Economics (1984 - No. 11)
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
percentage change in the quantity of X divded by the percentage change in the price of Y
percentage change in the quantity of X divided by change in the price of Y
change in the quantity of X divided by change in the price of Y
percentage change in the quantity of X divided by the price Y
percentage change in the price of X divided by percentage change in the quantity of Y
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