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    Question

    If a consumer purchases various quantities of goods or

    services due to the price change of related goods is called? 
    A Income demand Correct Answer Incorrect Answer
    B Surplus demand Correct Answer Incorrect Answer
    C Cross demand Correct Answer Incorrect Answer
    D Price demand Correct Answer Incorrect Answer

    Solution

    Cross demand is the measure of responsiveness of the demand for a good towards the change in price of relative good.

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