New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The cross elasticity of demand between two products is

    infinite, in case of:
    A Monopoly Correct Answer Incorrect Answer
    B Oligopoly slope Correct Answer Incorrect Answer
    C Monopolistic Correct Answer Incorrect Answer
    D Perfect competition Correct Answer Incorrect Answer

    Solution

    In perfect competition, the cross elasticity of demand for two products is infinite.

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