If X and Y are two goods, then the cross el..

Question 1 Report

If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?

percentage change in the quantity of X divded by the percentage change in the price of Y

percentage change in the quantity of X divided by change in the price of Y

change in the quantity of X divided by change in the price of Y

percentage change in the quantity of X divided by the price Y

percentage change in the price of X divided by percentage change in the quantity of Y