In economics, the cross (or cross-price) elasticity of demand (XED) measures the effect of changes in the price of one good on the quantity demanded of another good.

What is Cross Elasticity Demand (XED)? Cross elasticity demand, also known as XED, is the measurement of the sensitivity of quantity demanded for one good to the change in the price of …

Nov 5, 2017 · Cross elasticity of demand (XED) measures the percentage change in quantity demand for a good after a change in the price of another. For example: if there is an increase in the price of …

Aug 5, 2025 · The cross price elasticity of demand measures how the demand for one good responds to price changes for another good. Companies use it to set prices.

By working out the XED of its own goods in relation to other goods, firms can identify rival brands in the market. In addition a firm can work out if there are any important complementary products.

Cross elasticity of demand (XED) measures the effect of a change in the price of one good (good X) on consumer demand for another good (good Y).

The cross elasticity of demand (Xed) is an economic term that quantifies how responsive the quantity demanded of one commodity is when the price of another good varies, ceteris paribus.

Apr 23, 2022 · Cross price elasticity of demand (XED) is a measure of how demand for one good changes in response to a change in the price of another good. The other good might be a related …

Cross-price elasticity of demand (XED) explores how the demand for one good changes in response to the price change of another, essential for IB Economics HL.

While cross price elasticity (XED) measures how the price of one good affects the demand for another, income elasticity of demand (YED) measures how demand changes with consumer income.