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

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

A. Negative

B. Positive

C. Infinite

D. Zero

If the two goods are substitutes, the cross elasticity of demand will be positive, so that as the price of one goes up the demand of the other will increase)

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Accepted Answer

B. Positive

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

Correct Answer :

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