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Start learning 50% faster. Sign in nowThe 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.
Which of the following bank/banks was/were merged with Bank of Baroda in 2019?
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Bandipur National Park is located in which Indian state?
Where is the Headquarter of ISRO?
Marrakesh Agreement led to the foundation of:
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