If cross-elasticity of one commodity for another turns out to be zero, it means they are:

A. Close substitutes

B. Good complements

C. Completely unrelated (independent goods)

D. None of the above

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

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  1. External economies are witnessed in:
  2. The game theory is concerned with:
  3. The isoquant approach is based upon:
  4. Consumer surplus is the difference between
  5. The longer the period of time, the elasticity of supply will be:
  6. In case of straight-line isoquant, the factors are not substituted because they are each others:
  7. According to Robbins, economics is a:
  8. The marginal revenues are derivatives of:
  9. Which form of market structure is characterized by interdependence in decision-making as between the…
  10. Competitors in monopolistic competition have full control over:
  11. When the demand curve is rectangular hyperbola, it represents:
  12. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  13. In the perfect competition, there is a process of:
  14. The long-run AC curve is constructed from:
  15. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  16. Gold is bought and sold in a:
  17. Labor theory was firstly rejected by:
  18. To get more revenue, a Finance Minister impose tax on that commodity which has:
  19. Price discrimination is possible:
  20. In a competitive market, price is determined primarily by:
  21. Diminishing returns occur when a firm:
  22. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  23. The slope of an iso-quant represents:
  24. The fixed cost of a firm:
  25. In perfectly competitive markets, the profit maximization rule can be represented by:
  26. In the case of a normal goods, the income effect:
  27. The good will highest income elasticity is:
  28. When total product (TP) is maximum:
  29. Which one of the following is also known as Plant Curves:
  30. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…