Advertisements
Advertisements
प्रश्न
What does zero cross elasticity of demand between two goods imply? Give an example to explain.
लघु उत्तरीय
Advertisements
उत्तर
- Cross elasticity of demand is considered zero when a change in the price of one good has no impact on the demand for another good. This occurs when the two goods are unrelated.
- For example, tea and a TV set are not connected, so a change in the price of tea will not influence how many TV sets people buy.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
