If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
A) Positive
B) Negative
C) Zero
D) One
Correct Answer:
Verified
Q1: For complementary goods, the cross elasticity of
Q3: A market:
A)Necessarily refers to a meeting place
Q4: Wear and tear of capital due to
Q5: Primary sector includes:
A)Agriculture
B)Industry
C)Services
D)Banking
Q6: In India, the current base year is:
A)1980-81
B)1993-94
C)1999-2000
D)2004-05
Q7: Wages and prices are ----------, according to
Q8: Say's Law of market was proved wrong
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