Browse by Stream
My Companion New
Search Colleges, Exams, Schools & more
    • Home
    • QnAHome
    • Question : If two commodities are complements, then their cross-price elasticity is Option 1: zero Option 2: positive Option 3: negative Option 4: im ...
    Get answers from students and experts Ask
    #SSC CPO
    4 Views

    Question : If two commodities are complements, then their cross-price elasticity is

    Option 1: zero

    Option 2: positive

    Option 3: negative

    Option 4: imaginary number

    Team Careers360 20th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 25th Jan, 2024

    Correct Answer: negative


    Solution : The correct answer is negative .

    Cross-price elasticity is negative when two goods are complementary. This means when the price of one commodity rises, so will the demand for the other. This is because complements are commodities that are consumed together.

    Share
    Facebook Copy Link
    More
    Report
    Comments (0)
    Question cannot be greater than 3000 characters
    0/3000
    Get answers from students and experts Ask

    Related Questions

    Question : If the sum of two quantities is equal to three times their difference, then the ratio of the two quantities is:

    4 Views

    Question : During the year 1991-92, the industrial production recorded a ___________ growth of __________.

    27 Views

    Question : If the square of the sum of two numbers is equal to 4 times their product, then the ratio of these numbers is:

    3 Views

    Question : If the average price of three chairs is Rs. 14,014 and their prices are in the ratio of 3 : 4 : 7, then the highest price (in Rs.) of a chair is:

    7 Views

    Question : Two numbers are in the ratio 7 : 11. If their HCF is 28, then the difference between the two numbers is:

    6 Views

    Know More about

    Staff Selection Commission Sub Inspector ...

    Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips

    Get Updates Brochure

    Upcoming Exams

    Upsc Civil Services Exam - (UPSC CSE)
    Mains Exam Application Date: 13 Dec, 2024 - 19 Dec, 2024
    Download Brochure
    Railway Protection Force And Railway Protection Special Force Sub Inspectors Exam - (RPF SI)
    Exam Date: 13 Dec, 2024 - 13 Dec, 2024
    Download Brochure
    Central Teacher Eligibility Test - (CTET)
    Download Brochure
    Application Process Admit Card Preparation Tips Result Answer Key Eligibility Criteria
    Institute Of Banking Personnel Selection Common Written Examination For Specialist Officers - (IBPS SO)
    Mains Exam Admit Card Date: 6 Dec, 2024 - 14 Dec, 2024
    Download Brochure
    Exam Pattern
    Telangana State Public Service Commission Group 2 Exam - (TSPSC GROUP 2)
    Exam Date: 15 Dec, 2024 - 16 Dec, 2024
    Download Brochure

    Trending Articles around SSC CPO

    SSC JHT Answer Key 2024 (Released) - Check SSC JHT Paper 1 Answer key
    SSC JHT Answer Key 2024 (Released) - Check SSC JHT Paper 1 Answer key
    4 hours ago
    SSC JHT Question Papers 2024 - Download previous year paper PDF
    SSC JHT Question Papers 2024 - Download previous year paper PDF
    4 hours ago
    SSC JHT 2025 - Notification, Application form, Eligibility Criteria, Syllabus, Exam Dates
    SSC JHT 2025 - Notification, Application form, Eligibility Criteria, Syllabus, Exam Dates
    5 hours ago
    SSC JHT Result 2024 - Check SSC JHT Result PDF
    SSC JHT Result 2024 - Check SSC JHT Result PDF
    5 hours ago
    SSC JHT 2024 - Notification (Out), Dates, Application Form (Released), Exam Pattern, Syllabus, Result
    SSC JHT 2024 - Notification (Out), Dates, Application Form (Released), Exam Pattern, Syllabus, Result
    5 hours ago
    View All Articles
    Link Copied
    The question have been saved in answer later, you can access it from your profile anytime. Access now
    Thanks! Your report is submitted, the author will be informed about it

    Download the Careers360 App on your Android phone

    Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

    Careers360 App
    • 150M+ Students
    • 30,000+ Colleges
    • 500+ Exams
    • 1500+ E-books
    • Economic Times
    • Financial Express
    • Firstpost
    • Livemint