The cross-price elasticity of demand is
a. price elasticity of demand multiplied by the income elasticity of demand
b. the percent change in the price of one commodity with respect to a one-percent change in the quantity demanded of another commodity
c. the percent change in the demand for one commodity with respect to a one-percent change in the price of another commodity
d. negative for substitute goods
e. price elasticity of demand crossed with consumer incomes
C
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