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| cross-price elasticity of demand for two goods definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | the percentage change in the quantity demanded of one good in response to a 1% change in the prpice of a second good | 1 set | |
| 2 | the percentage change in the quantity demanded of one good in response to a 1 percent change in the price of a second good | 1 set | |