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In the case where two commodities are good substitutes then 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. If the price of Pepsi Cola goes down, you would predict:
  2. Quantity demanded or supplied is measured in:
  3. Who wrote A Contribution to the Theory of Trade Cycle?
  4. In monopolistic competition, the aim of the firm is to:
  5. Who wrote Economics of Imperfect Competition?
  6. The isoquant approach is:
  7. A shift in the demand for a product is likely to result from a change in:
  8. If the demand curve remains unchanged and supply increases, the price will:
  9. The production possibility curve (PPC) is concerned with:
  10. The nominal income of a consumer is income in terms of:
  11. The cost that a firm incurs in purchasing or hiring any factor of production is referred to as:
  12. Compared to perfect competition, a monopolist will charge:
  13. In perfectly competitive markets, the profit maximization rule can be represented by:
  14. If the commodity is normal then fall in price will result in:
  15. The advertisement and other selling activities:
  16. Marginal cost curve cuts the average cost curve:
  17. Variable costs refer to:
  18. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  19. A market demand curve presumes that:
  20. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  21. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  22. The MC curve cuts the AVC and ATC curves:
  23. In second degree price discrimination, monopolist takes away :
  24. When the output of a firm is increasing, its average fixed cost:
  25. Loanable funds theory of Interest was developed by:
  26. The price under perfect competition is settled by:
  27. A normal profit is:
  28. A high value of cross-elasticity indicates that the two commodities are:
  29. In substitution effect, we:
  30. Increasing returns is not caused by: