Cross elasticity of demand in the case of substitutes:
A) zero
B) negative
C) positive
D) infinity
Correct Answer:
Verified
Q5: If the quantity demanded remains unchanged as
Q6: If the income elasticity of demand is
Q7: Which of the following is an exception
Q8: The law of diminishing marginal utility was
Q9: If the income elasticity of demand for
Q11: If a small change in price leads
Q12: Net addition to total utility when one
Q13: Most important determinant of demand is :
A)income
B)wealth
C)price
D)advertisement
Q14: Which of the following is the reason
Q15: Net addition to total cost is called:
A)marginal
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