What does Cross-Price Elasticity of Demand mean?
An economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes.
The positive Cross-Price Elasticity of Demand between coffee and tea indicates they are substitute goods.
Cross-Price Elasticity of Demand in German, French, Spanish and Italian
GermanKreuzpreiselastizität der Nachfrage
Maß für die Nachfrageänderung eines Gutes bei Preisänderung eines anderen Gutes.
FrenchÉlasticité-prix croisée de la demande
Mesure de la variation de la demande d'un bien suite au changement de prix d'un autre bien.
SpanishElasticidad precio cruzada de la demanda
Mide cómo cambia la demanda de un producto al variar el precio de otro relacionado.
ItalianElasticità incrociata della domanda
Variazione della domanda di un bene in risposta alla variazione del prezzo di un altro bene.
Synonyms and opposites for Cross-Price Elasticity of Demand
- Synonym Cross elasticity