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Meaning of cross elasticity of demand | Babel Free

Noun CEFR C2

Definitions

an economic metric that measures the responsiveness of the quantity demanded for a good to a change in the price of another good

CEFR level

C2

Mastery
This word is part of the CEFR C2 vocabulary — mastery level.

See also

Cross Fell cross file cross fleury cross flory cross fox cross gamma