Law of Elasticity · UPSC CDS/OTA · Question 2 of 30

Law of Elasticity – Question 2

Step-by-step solution. Law of Elasticity for UPSC CDS/OTA.

Topic
Law of Elasticity
Subject
General Studies
Difficulty
Medium
Solve Time
45–60 sec

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Q · Law of ElasticityMedium · 45s

Statement: If the cross elasticity of demand between two goods is positive, then these goods are:

TopicLaw of Elasticity
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained — no skipped algebra.

Cross elasticity > 0 indicates that an increase in price of one good raises demand for the other – they are substitutes.

Final Answer: Option B — Substitutes
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Law of Elasticity Question 2 – UPSC CDS/OTA