For two substitution goods, the cross elastic of demand is?

Economics

JAMB 1984

A. greater than one but less than two
B. zero
C. negative
D. positive
E. infinity

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Correct Answer: Option D

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please click here

Previous Next

Go back to Econs classroom

Report an Error Ask A Question Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

what is the fluid in the eye calles? Answer this

1 Answers · Biological Science · 2 hours ago
which school is the richest school in Nigeria? Answer this

1 Answers · 1 day ago
how does post utme looks like and what are the subjects required for a medical student? Answer this

1 Answers · 1 day ago

For two substitution goods, the cross elastic of demand is?

Correct Answer: Option D

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In