If close substitutes are available, then the elasticity of demand will be

Related MCQs

• If marginal revenue is Rs.25/- and elasticity of demand w.r.t price is 2, then the average revenue is
• If marginal revenue is Rs.25/- and elasticity of demand w.r.t price is 2, then the average revenue is
• Cross price elasticity may not always be
• In CES production function, the elasticity of substitution is
• The relationship between demand and price is
• If fxxfyy < (fxy)2 when fxx and fyy are of the same sign, then the function is at