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Is a measure of the responsiveness of the demand for a good or service to a change in income other things remaining the same?

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Is a measure of the responsiveness of the demand for a good to a change in the price of a substitute or complement other things remaining the same?

A measure of the responsiveness of quantity demanded to changes in the price of a related good is known as cross elasticity of demand.

Which measures the responsiveness of demand to a change in income other things remaining the same?

The cross elasticity of demand is a measure of the responsiveness of the demand for a good to a change in the price of a substitute or​ complement, other things remaining the same.

Is a measure of how responsive the demand for a good or service is to changes in income?

Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income.

Is a measure of the responsiveness of demand for one good to changes in the price of a different good?

The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes.

measure responsiveness demand good service change income things remaining

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