For complementary goods, the cross elasticity of demand:

Related MCQs

• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• Cross elasticity of demand in the case of substitutes:
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
• Income elasticity of demand for inferior goods is:
• In the case of luxury goods, the income elasticity of demand will be:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• If the income elasticity of demand is greater than one, then the commodity is:
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is
• On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be: