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Relationship between price of related goods and quantity of a particular commodity is called as
  • a)
    Income-demand
  • b)
    Market-demand
  • c)
    Cross-demand
  • d)
    Price-demand
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Relationship between price of related goods and quantity of a particu...
In economics, the cross elasticity of demand or cross-price elasticity of demand measures the responsiveness of the quantity demanded for a good to a change in the price of another good, ceteris paribus.
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Relationship between price of related goods and quantity of a particular commodity is called asa)Income-demandb)Market-demandc)Cross-demandd)Price-demandCorrect answer is option 'C'. Can you explain this answer?
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