When cross elasticity of demand is a large positive number, one can conclude that

When cross elasticity of demand is a large positive number, one can conclude that

Q. When cross elasticity of demand is a large positive number, one can conclude that:

  1. The good is normal
  2. The good is inferior
  3. The good is a substitute
  4. The good is a complement

Answer: The good is a substitute

Demand and Supply MCQs
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