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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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  5. Cross Price Elasticity of Demand

Cross Price Elasticity of Demand

Definition of 'Cross Price Elasticity of Demand'

The Cross Price Elasticity of Demand for good i with respect to changes in the price of good j is the percentage change in the quantity of good i demanded, divided by the corresponding percentage change in the price of good j.

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Related Terms

Income Elasticity of DemandDerived DemandPrice Elasticity of DemandElastic DemandInelastic DemandAggregate Demand ScheduleMarket Demand CurveSupply-Side PolicyNormal GoodAgency Cross BargainCross RateSymbiosis (in post-merger integration)TargetAccelerator ModelAccommodatory Monetary PolicyCrowding OutExcess CapacityLuxury GoodNecessityImperfectly Competitive Firm

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