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If commodity X and Y are complementary goods , what will be the cross elasticity of demand? - Economic Applications

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प्रश्न

If commodity X and Y are complementary goods , what will be the cross elasticity of demand?

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उत्तर

If commodities X and Y are complementary items, the cross-elasticity of demand will be negative. This means that increasing the price of X would decrease the demand for Y, and vice versa.

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अध्याय 2: Elasticity of Demand - QUESTIONS [पृष्ठ ४३]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 2 Elasticity of Demand
QUESTIONS | Q 4. | पृष्ठ ४३
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