What is the correct answer?


Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:

A. Negative

B. Positive

C. Infinite

D. Negative infinite

Correct Answer :

D. Negative infinite

Related Questions

The CES production function shows: In Nash equilibrium, a player: Utility means: The concept of product differentiation was firstly introduced by: In the theory of firm, Chamberline presented the idea of: A decrease in demand lowers the price the most: A maximin strategy: The equilibrium of a firm is determined by the equality of MC and MR in… If cross-elasticity of one commodity for another turns out to be zero,… The water diamond paradox was firstly resolved with the help of: The advertisement and other selling activities: At high prices, demand is likely to be: Law of Substitution in production was presented by: Cross-elasticity of demand or cross-price elasticity between two perfect… The optimal strategy for a player is termed as: MRSxy measures: Nash equilibrium is applicable in case of: In case of monopoly, the price charged against the additional unit is: In monopoly, new firms: An effective price ceiling usually results in: If the production increases under decreasing returns to scale, the cost… Social costs equal private costs when: One way the government can induce a monopolist to expand his output is… For the equilibrium of the firm and the industry in the short period in… Any straight line supply which cuts the x-axis will have: Ceteris paribus clause in the law of demand means: The least cost combination of factors x , y and z will generally be the… The shape of the TC curve is: The main contribution of Malthus is in the field of: The income effect means that consumer purchase more when: