If the cross elasticity of demand is -2 ?

Related Mcqs:

The law of demand implies that ?

A. as prices rise, demand decrease B. as prices fall, quantity demanded increase C. as prices fall demand increases D. as prices rise, quantity demanded increases...

A contraction in supply occurs when ?

A. Demand shifts outwards B. The supply curve shifts inwards C. The quantity supplied falls when the price falls D. The supply curve shifts outwards...

Adding up the quantities demanded of a good by different people facing the same price gives us the ?

A. Supply curve B. Market demand curve C. Demand curve D. Market supply curve...

If the cross-price elasticity of demand between two goods is negative, then the two goods are ?

A. normal goods B. unrelated goods C. Substitutes. D. Complements...

Improved training of employees would ?

A. Shift aggregate supply to the right B. Shift aggregate supply to the left C. Shift aggregate demand to the right D. shift aggregate demand to the left...