The sensitivity of the change in quantity consumed of one good to a change in the price of a related good is called

A) cross-elasticity.
B) substitute elasticity.
C) complementary elasticity.
D) price elasticity of demand.

A

Economics

You might also like to view...

Why is the line between frictional and structural unemployment sometimes hard to draw?

What will be an ideal response?

Economics

The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. Between what two levels of output does the marginal cost of producing Fiery Frijoles first begin to rise?

A) 0 and 1000 B) 1000 and 3000 C) 3000 and 4000 D) 4000 and 4500

Economics