Economics · Elasticity of Demand

explains how much change in the price of one commodity leads to how much change in the demand for another commodity.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Expense elasticity of demand
2Price elasticity of demand
3Income elasticity of demand
4Cross elasticity of demand✓

Correct answer

Cross elasticity of demand

Download Single Question PDF

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Share with Friends & Study Groups

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Preparing for Economics?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Elasticity of Demand?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Elasticity of Demand MCQs →

Recommended practice questions in Economics · Elasticity of Demand

Browse More Economics →

Which of the following events is considered a major turning point that fueled Indian nationalism during British rule due to its brutal nature and widespread condemnation?

Solve Question→

Which of the following events is considered the first major peasant uprising against the British in India?

Solve Question→

explains how much change in the price of one commodity leads to how much change in the demand for another commodity.

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

explains how much change in the price of one commodity leads to how much change in the demand for another commodity.

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions