Question
If the cross-price elasticity of demand between two
goods is negative, the goods are:Solution
A negative cross-price elasticity indicates that as the price of one good rises, the demand for the other falls, which happens when goods are complements (e.g., coffee and sugar).
- βMβ invested Rs. 36000 in a business. βNβ joined after βxβ months with an investment of Rs. 12000 less than βMβ. If the ratio of the profit...
A started a business with an investment of Rs 16,000. After 2 months B joins in with 5/8 of the amount that A invested and A withdraws Rs 4,000. After 2...
- Rohit and Varun started a joint venture by investing in the ratio 8:6 respectively. After 9 months, Sneha entered the business with an investment amount eq...
A invests βΉ60,000 in a business for a whole year. B joins after 4 months with βΉ80,000, and C joins after 6 months with βΉ1,20,000. At the end of th...
- Pooja and Ritu started a partnership by investing Rs. 1050 and Rs. 900 respectively. After 6 months, Pooja increased her capital by Rs. 210, while Ritu dec...
Two partners A and B invested Rs. βxβ and Rs. 7200 respectively for one year. At the end of the year, their profit ratio is 5:6. Find the value of οΏ½...
Ashish started a business by investing Rs. 1400. Few months later; Ramesh joined him by investing Rs. 1600 such that at the end of the year, the profit ...
- 'A' invested Rs. 9,000 in a business. After 5 months, 'A' reduced the investment by Rs. 2,000 and 'B' joined with Rs. 12,000. At the end of 20 months from ...
βAβ and βBβ started a business by investing Rs. 5000 and Rs. 6500, respectively. 12 months later, βCβ joined the business by investing Rs. 8...
'X' invested Rs. 32,000 to start a business. After 4 months, 'Y' joined with Rs. 48,000. 'X', being an active partner, received 25% of the total annual ...
