In case the two commodities are complements, cross elasticity will be:

A. Positive

B. Unitary

C. Negative

D. Infinite

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

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  1. In monopolistic competition, the real differentiation in products is due to difference in:
  2. Demand is consumers:
  3. The cost of firms in cournot model are:
  4. The Latin term citeris paribus means:
  5. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  6. Plumbing and pipe-fitting require many of the same skills. If the wage paid to pipe-fitters increased…
  7. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  8. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  9. Market demand curve is:
  10. Which is the other name that is given to the average revenue curve?
  11. If the price of a product falls then quantity demanded tends to increase ceteris paribus because:
  12. Which of the following formulae explain the term average revenue?
  13. A monopoly producer usually earns:
  14. If the price of Pepsi Cola goes down, you would predict:
  15. With an increase in income, consumer is expected to buy more of:
  16. Which of the following has more elastic demand curve?
  17. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  18. General equilibrium is concerned with simultaneous equilibrium of:
  19. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  20. When total revenues equal to total opportunity cost then the firm will earn:
  21. With the change in the factor prices, the slope of the expansion path will:
  22. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  23. In Edgeworth model, price remains:
  24. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  25. The elliptical isoquant represents the:
  26. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  27. Marginal cost is found with the help of changes in:
  28. Iso-product curve (isoquant) shows:
  29. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  30. In sweezy model (kinked demand curve model), the role of MC curve: