Mind map
Xped
Map content
Xped
measures how a change in price for one good effect the demand for another good
% change in quantity demanded for good A / % change in price of good B
1>
- demand is cross price elastic
+ sign
- goods are competing or substitutes
- the higher the Xped the closer they are substitutes
- goods are competing or substitutes
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- Description
- AS level Economics (Xped Cross price elasticity of demand) Mind Map on Xped, created by Aisha Bushra on 10/11/2016.
- Created by
- Aisha Bushra
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