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Cross elasticity of demand - Jamb Economics Past Questions and Answers

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Jamb Economics Past Questions

Jamb Past Questions and Answers on Cross elasticity of demand

Question 6:


The major determinant of cross elasticity of demand is the

A. Price of the good
B. Degree of necessity of the good
C. Level of income of consumers
D. Closeness of the substitutes

View Answer & Explanation



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