Cross elasticity of demand between petrol and car is -

Related MCQs

• If a good has negative income elasticity and positive price elasticity of demand, it is a
• Bread and butter, car and petrol are examples of goods which have -
• Elasticity of demand is the degree of responsiveness of demand of a commodity to a -
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• Cross demand expresses the functional relationship between -
• A demand curve, which is parallel to the horizontal axis, showing quantity, has the price elasticity equal to -
• The income elasticity of demand being greater than one, the commodity must be -
• In the case of an inferior good, the income elasticity of demand is :
• Elasticity of demand measures the responsiveness of the quantity demanded of a goods to a