Cross-Price Elasticity of Demand

Tags: #Economics #Microeconomics

Equation

$$\text{Elasticity of Demand} = \frac{\text{Percentage Change in Quantity Demanded of Good X}}{\text{Percentage Change in Price of Good Y}}$$

Latex Code

                                 \text{Elasticity of Demand} = \frac{\text{Percentage Change in Quantity Demanded of Good X}}{\text{Percentage Change in Price of Good Y}}

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Introduction

Equation



Latex Code

            \text{Elasticity of Demand} = \frac{\text{Percentage Change in Quantity Demanded of Good X}}{\text{Percentage Change in Price of Good Y}}

Explanation

Latex code for Cross-Price Elasticity of Demand. I will briefly introduce the notations in this formulation.


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