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Cross-elasticity of demand or cross-price elasticity between two independent goods will be:

A. Negative

B. Positive

C. Infinite

D. Zero

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

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  1. In general, most of the production functions measure:
  2. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  3. Which is the correct statement?
  4. From analysis, it is clear that both Marshal and Walras market models are:
  5. If the price of coffee increases, you would predict that:
  6. Microeconomics is also known as:
  7. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  8. In a perfectly competitive market, suppliers must know:
  9. Income effect operates through an increase
  10. Which of the following is not characteristic of perfect competition?
  11. The main contribution of Prof. R.G.D.Allen is in the field of:
  12. Utility is a function of:
  13. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  14. 4.The Law of Diminishing Returns according to the modern view, applies to:
  15. When a consumer is satisfied with his spending pattern, he is said to be in:
  16. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  17. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  18. Moving down along a linear demand curve:
  19. The difference between average cost and average revenue is:
  20. In case of giffin good, price effect is:
  21. Some economists refer to iso-product curves as:
  22. According to marginalistic rule, the profit maximization hypothesis requires:
  23. The main objective of the firm is to:
  24. If the marginal utility is divided by the price of the commodity then it is called:
  25. A budget line shows:
  26. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  27. The act of producing the output from more than one plant is concerned with:
  28. Income -elasticity of demand will be zero when a given change in income brings about:
  29. Which of the following curves is a rectangular hyperbola?
  30. Any expansion in output by a firm in the short period will always reduce the: