If demand of coffee increases by 10% with 20% decline in the price of sugar we can say that?

(A) Cross price elasticity of demand is negative and both the products are complementary to each other;
(B) Cross price elasticity of demand is negative and the goods are substitute;
(C) Cross price elasticity is positive and the products are complementary to each other ;
(D) None of these

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  • An indirect tax is one where:

    (A) Tax is leaved on service
    (B) Tax is leaved always on products
    (C) Points of impact and incidence are the same
    (D) Points of impact and incidence are different

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