Relation between price of a commodity and demand for another commodity is measured by: | Faculties

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Mr. Dubey

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📊 Basics of Economics

Q. Relation between price of a commodity and demand for another commodity is measured by:

(A) price elasticity
(B) income elasticity
(C) cross elasticity
(D) elasticity of substitution

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✅ Correct Answer: (C) cross elasticity

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