Cross Elasticity of Demand - Formula

Formula

The formula used to calculate the coefficient cross elasticity of demand is

or:

Read more about this topic:  Cross Elasticity Of Demand

Famous quotes containing the word formula:

    For the myth is the foundation of life; it is the timeless schema, the pious formula into which life flows when it reproduces its traits out of the unconscious.
    Thomas Mann (1875–1955)

    I feel like a white granular mass of amorphous crystals—my formula appears to be isomeric with Spasmotoxin. My aurochloride precipitates into beautiful prismatic needles. My Platinochloride develops octohedron crystals,—with a fine blue florescence. My physiological action is not indifferent. One millionth of a grain injected under the skin of a frog produced instantaneous death accompanied by an orange blossom odor.
    Lafcadio Hearn (1850–1904)

    Every formula which expresses a law of nature is a hymn of praise to God.
    Maria Mitchell (1818–1889)