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Market and Types of Goods · UPSC CDS/OTA · Question 20 of 66

Market and Types of Goods: The cross elasticity of demand for perfect substitutes is

Step-by-step solution. Market and Types of Goods for UPSC CDS/OTA.

Topic
Market and Types of Goods
Subject
General Studies
Difficulty
Medium
Solve Time
45-60 sec

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Q · Market and Types of GoodsMedium · 45s

The cross elasticity of demand for perfect substitutes is:

TopicMarket and Types of Goods
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.

If the price of one good rises, demand for the substitute increases.

Final Answer: Option B - Positive
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The cross elasticity of demand for perfect substitutes… - Market and Types of Goods (General Studies) Solved Question