The cross elasticity of demand for monopolist's product and any other product is:

CA Foundation · Business Economics · PYQS · January 2026
The cross elasticity of demand for monopolist's product and any other product is:
(A) A. 1
(B) B. Less than 1
(C) C. Greater than 1
(D) D. Zero or very small

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Zero or very small

Topics: Price Determination in Different Markets

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