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

Related Mcqs:

Supply is likely to be more price elastic ?

A. In the short run rather than the long run B. If factors of production are relatively immobile between industries C. If there are very few producers D. If it is easy to expand output...

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...

The income effect of a price increase of a normal good is to ________ of that good and the substitution effect is to _________ of that good?

A. increase quantity demanded, reduce quantity demanded B. increase quantity demanded, increases quantity demanded C. reduce quantity demanded, reduce quantity demanded D. reduce quantity demanded, increase quantity demanded...

When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as ?

A. Quantity setting B. price fixing C. price rationing D. quantity adjustment....

Which of the following would increase aggregate demand ?

A. Increased saving B. Increasing import spending C. Increased taxation revenue D. increased investment...