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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?┬а
      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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