Solved UPSC CDS/OTA Question
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Q · Law of ElasticityMedium · 45s
When cross elasticity of demand is negative, goods are:
TopicLaw of Elasticity
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Every step explained - no skipped algebra.
Negative cross elasticity means a rise in price of one reduces demand for the other, complements.
Final Answer: Option C - Complementary goods