Question
Two goods will be classified as ______ if the
cross-price elasticity between them is negative.Solution
The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes . Complementary goods are products which are used together like toothbrush and toothpaste. The cross elasticity of demand for complementary goods is negative i.e. as the price of one good goes up, the demand for both goods fall.
The chemical name of'Common salt’
Urea is a —
The nucleus of an atom consists of-
The acid used in lead storage cells is-
The major component of honey is-
Which of the following is a physical change?
The noble gas used in radiotherapy is
The fuel that is used in modern submarines is -
The element used in the manufacture of safety matches is —
Milk tastes sour when kept in the open for sometimes due to the formation of-
