Question
A high value of cross-elasticity indicates that the two
commodities areSolution
A high value of cross elasticity indicates that the two commodities are close substitutes. The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases.
Abu Dhabi Investment Authority (ADIA) backed IIFL Home Finance has raised about ________ from the International Finance Corporation (IFC) for affordable...
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