Home

What is the correct answer?

4

In the case where two commodities are good substitutes then cross elasticity will be:

A. Positive

B. Unitary

C. Negative

D. Infinite

Correct Answer :

A. Positive


Related Questions

Which of the following goods is most likely to be exchanged in a market… Cross-elasticity of demand or cross-price elasticity between two independent… In finding equilibrium position of a profitmaximizing firm, which technique… If the commodity is normal then fall in price will result in: Which of the following has more elastic demand curve? Because the price elasticity of demand for OPEC oil is approximately .08,… The largest possible loss that a firm will make in the short run is: In cournot model, firms sell: In economics, Externality means: The longer the period of time, the elasticity of supply will be: Elasticity of Substitution (s) is defined as: If Cobb-Douglas production function is homogeneous of degree greater than… The nominal income of a consumer is income in terms of: A significant property of the Cobb-Douglas production function is that… If the commodity is inferior then Income Effect (I.E) is: Technological Progress (Invention) can be defined as: Any expansion in output by a firm in the short period will always reduce… In case of short-run, the supply curve of an industry is the horizontal… In substitution effect, we: At high prices, demand is likely to be: MRSxy measures: Consumer surplus is the difference between If two goods are perfect substitutes then IC will be: The fixed cost of a firm: The elasticity of substitution measures the percentage change in the ratio… Nash Equilibrium is stable: In the case of two factor inputs which are neither perfectly complementary… If the commodities X and Y are perfect substitutes then: In respect of which of the following category of goods is consumers surplus… The non-price competition cartel is a: