The impact of a change in the price of commodity A on the quantity demanded of commodity B is best explained using the concept of ____ - SchoolNGR

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The impact of a change in the price of commodity A on the quantity demanded of ...

The impact of a change in the price of commodity A on the quantity demanded of commodity B is best explained using the concept of ____

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Price-elasticity of demand
B Cross-price elasticity of demand
C Income elasticity of demand
D Elasticity of substitution
E A-price elasticity of demand for B

Correct Answer: Option B

Explanation:

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