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Qu'est-ce (qui) est cross elasticity of demand - définition
Cross elasticity of demand
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ECONOMIC CONCEPT THAT MEASURES THE RESPONSIVENESS IN THE QUANTITY DEMAND OF ONE GOOD WHEN A CHANGE IN PRICE TAKES PLACE IN ANOTHER GOOD
Cross price elasticity of demand; Cross elasticity; Cross price elasticity; Independent in demand; Cross-price elasticity of demand; Cross Elasticity of Demand
In economics, the cross elasticity of demand or cross-price elasticity of demand measures the percentage change of the quantity demanded for a good to the percentage change in the price of another good, ceteris paribus. In real life, the quantity demanded of good is dependent on not only its own price (Price elasticity of demand) but also the price of other "related" products.
Price elasticity of demand
.svg?width=200 "When demand is more inelastic than supply, consumers will bear a greater proportion of the tax burden than producers will.")
ELASTICITY OF DEMAND
Elasticity of demand; Price elasticity; Demand elasticity; Price sensitivity; Price elastic; Inelastic demand; Price Elasticity of demand; Own price elasticity of demand; Price Elasticity of Demand
A good's price elasticity of demand (E_d, PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.
Income elasticity of demand
![[[Inferior good]]s' demand ''Q''<sub>''X''</sub> falls as consumer income I increases.](https://commons.wikimedia.org/wiki/Special:FilePath/Income elasticity of demand - inferior goods.svg?width=200 "[[Inferior good]]s' demand ''Q''<sub>''X''</sub> falls as consumer income I increases.")
VARIATION OF DEMAND FOR GOODS WITH RESPECT TO INCOME INCREASE
Income elasticity; Engel elasticity; YED; Income elasticity of demand (YED); Income Elasticity of Demand
In economics, the income elasticity of demand is the responsivenesses of the quantity demanded for a good to a change in consumer income. It is measured as the ratio of the percentage change in quantity demanded to the percentage change in income.
