Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

When cross elasticity of demand is positive value, what are the types of goods they are?

/ » Economics Quantitative Methods for Economic Analysis-I solved MCQs / By
Question:

When cross elasticity of demand is positive value, what are the types of goods they are?

A.

substitute goods

B.

complimentary good

C.

normal good

D.

inferior good

Answer» a. substitute goods

Note: The above multiple-choice question is for all general and Competitive Exams in India.