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A high value of cross-elasticity indicates that the two commodities are:

A. Very good substitutes

B. Poor substitutes

C. Good complements

D. Poor complements

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Consumer surplus is the difference between
  2. Firms average and marginal revenues are equal under:
  3. Under Bandwagon effects, people use those goods which are used by their:
  4. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  5. The general markets results from the imposition of price ceilings has been:
  6. According to marginalistic rule, the profit maximization hypothesis requires:
  7. Economies of large-scale production:
  8. The substitution effect works to encourage a consumer to purchase more of a product when the price of…
  9. In second degree price discrimination, monopolist takes away :
  10. The long run average cost curve is the envelope of:
  11. Liquidity of Preference Theory was introduced by:
  12. The Strategy of Economic Development is the work of:
  13. Competitors in monopolistic competition have full control over:
  14. The modern cost curves are based upon the idea of:
  15. The Law of Diminishing Marginal Returns can be explained in terms of:
  16. In a perfectly competitive market, suppliers must know:
  17. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  18. A monopolist:
  19. The entry of new firms in cournot model is:
  20. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  21. Contracts made by firms in cooperative games are:
  22. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  23. The Input-Output Analysis was originated by:
  24. Extension (expansion) and contraction of demand are result of:
  25. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  26. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  27. If production increases under increasing returns to scale, the cost will:
  28. The slope of indifference curve shows:
  29. If a new production technology for producing compact discs is developed and new firms are attracted…
  30. Which of the following is called Gossens first law?