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

April 27, 2021 – by admin

Question:

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

Answer» c. Cross elasticity

Note:

The above multiple-choice question is for all general and Competitive Exams in India.