Logourl black

Cross-Elasticity of Demand

Definition

The responsiveness of the demand for one product in response to the change in price of another product, used to assess the products’ interchangeability for purposes of the antitrust market definition.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.