The [...]is termed the cross price elasticity of demand.
Answer
ratio of the percentage change in the quantity demanded of a good to the percentage change in the price of a related good (sensitivity)
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Open it The ratio of the percentage change in the quantity demanded of a good to the percentage change in the price of a related good is termed the cross price elasticity of demand.
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owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p35
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