For substitutes, cross elasticity of demand is-

CA Foundation · Business Economics · MTP · September 2026
For substitutes, cross elasticity of demand is-
(A) A. Positive
(B) B. Negative
(C) C. Zero
(D) D. Always less than one

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Positive

Topics: Theory of Demand and Supply

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