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One of the determinants of demand for a good is the price of its related goods. Cross price elasticity of demand formula is used to measure the percentage change in quantity demanded of a product with respect to the percentage change in the price of a related product and it can be evaluated by div…

Income elasticity of demand. η is the general symbol used for elasticity and the subscript i represents income. More Applications Of Derivatives Ppt Video Online Download 50 000 30 000 50 000 30 000 2 50. Income elasticity of demand formula derivative . When the income changes to i1 then it wil…