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

A. Negative

B. Positive

C. Infinite

D. Zero

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  1. If the prices of goods rise then:
  2. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  3. Cross-elasticity of demand is measured as:
  4. The firm is at equilibrium where:
  5. Perfect competition assumes:
  6. Identify the author of The Affluent Society?
  7. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  8. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  9. The difference between accounting profits and economic profits is:
  10. A monopolist is:
  11. In the case of an inferior commodity, the income-elasticity of demand is:
  12. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  13. In substitution effect, we:
  14. MC curve is:
  15. In monopolistic competition, the firms face:
  16. Which of the following pairs of commodities is an example of substitutes?
  17. Inputs or Factors of production are defined as:
  18. Which describes a competitive market?
  19. The sufficient condition of firms equilibrium requires:
  20. At a point below the middle of a straight line demand curve, elasticity of demand is:
  21. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  22. The critics of Sweezy model say that kink generates:
  23. Under perfect competition, a firm will be in equilibrium if:
  24. Scarcity is:
  25. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  26. If two households have identical preferences but different incomes then:
  27. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  28. One way the government can induce a monopolist to expand his output is by imposing:
  29. An economic theory is :
  30. Which of the following is assumed to be constant when a supply curve is drawn: