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- Question
If two goods are complements, then
Options- A. the cross-price elasticity of demand will be positive
- B. an increase in the price of one good will increase demand for the other
- C. the cross-price elasticity of demand will be negative
- D. both B & C
- Correct Answer
- both B & C
ExplanationIn economics, If two goods are complements, then the cross elasticity of demand is negative. That means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. It is opposite of substitute goods.
- 1. Plants hormone that induces cell division is
Options- A. auxins
- B. gibberellins
- C. kinins
- D. domins Discuss
- 2. The Vedic deity Indra was the Goddess of
Options- A. wind
- B. eternity
- C. rain and thunder
- D. fire Discuss
- 3. The minimum age required to become a member of Rajya Sabha is
Options- A. 21 years
- B. 25 years
- C. 30 years
- D. 35 years Discuss
- 4. The main factor determining a region's climate is
Options- A. longitude
- B. latitude
- C. temperature
- D. All of the above Discuss
- 5. The name of Pierre Cardin is associated with which of the following fields?
Options- A. Painting
- B. Films
- C. Pop Music
- D. Fashion Designing Discuss
- 6. 'Queens berry Rules' is the name given to the rules in
Options- A. Boxing
- B. Football
- C. Tennis
- D. Cricket Discuss
- 7. Samantha Fox is associated with
Options- A. Politics
- B. Pop music
- C. Journalism
- D. Sports Discuss
- 8. A chronometer measures
Options- A. colour contrast
- B. sound waves
- C. time
- D. water waves Discuss
- 9. Which of the following is a cultural organisation?
Options- A. UNESCO
- B. ILO
- C. WHO
- D. FAO Discuss
- 10. The hardest substance available on earth is
Options- A. Gold
- B. Iron
- C. Diamond
- D. Platinum Discuss
More questions
Correct Answer: kinins
Correct Answer: rain and thunder
Correct Answer: 30 years
Correct Answer: latitude
Correct Answer: Fashion Designing
Correct Answer: Boxing
Correct Answer: Pop music
Correct Answer: time
Correct Answer: UNESCO
Correct Answer: Diamond
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