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Cross Elasticity Of Demand (in HIndi)
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Raushan Sir
Author, Motivator And Best Faculty Of GS at Mukherjee Nagar in Delhi,With Teaching Experience Of 12 Years

Unacademy user
  1. Cross Elasticity of Demand Xeo CD It is a economic hypothesis which gives (measures) the responsiveness in the quantity demand of one good when a change in price takes place in another good

  2. Xe for substitute goods For substitute goods, *e is always (+ ive) because if demand for One good increases than Price for other good increases Tea and Pr (T) coffee PcConstant D De=n) Pr= Price of Tea Demand of Tea Demand of Coffee Dc