What is xed in economics?

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Drishti Iyer

, Medicos at Rajiv Gandhi University of Health Sciences, Hospital

Cross price elasticity (XED) measures the responsiveness of demand for good X following a change in the price of a related good Y. What is cross elasticity of demand (XED). Cross elasticity of demand (XED) measures the percentage change in quantity demand for a good after a change in the price of another. What Is Cross Elasticity of Demand? The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity. Cross Price Elasticity of Demand (XED) is the responsiveness of demand for one good to the change in the price of another good.

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