A measure of the responsiveness of quantity demanded to changes in the price of a related good is known as
A. Cross Elasticity of Demand
B. Substitution Elasticity of Demand
C. Complementary Elasticity of Demand
D. Price Elasticity of Demand
Answer:A
A measure of the responsiveness of quantity demanded to changes in the price of a related good is known as
A. Cross Elasticity of Demand B. Substitution Elasticity of Demand C. Complementary Elasticity of Demand D. Price Elasticity of Demand