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Possible Answers:
YED.
Last seen on: Premier Sunday – King Feature Syndicate – Dec 18 2022
Random information on the term “g”:
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Random information on the term “YED”:
In economics, the cross elasticity of demand or cross-price elasticity of demand measures the percentage change of the quantity demanded for a good to the percentage change in the price of another good, ceteris paribus. In real life, the quantity demanded of good is dependent on not only its own price (Price elasticity of demand) but also the price of other “related” products. cross-price elasticity of demand = % change in quantity demanded of good A % change in price of good B {\displaystyle {\text{cross-price elasticity of demand}}={\frac {\%{\text{ change in quantity demanded of good A}}}{\%{\text{ change in price of good B}}}}}
The concept is used to identify the relationship between two goods, they can be: