When cross elasticity of demand is positive value, what are the types of goods they are? | Faculties

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Shiva Ram

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📊 Economics Quantitative Methods for Economic Analysis-I

Q. When cross elasticity of demand is positive value, what are the types of goods they are?

(A) substitute goods
(B) complimentary good
(C) normal good
(D) inferior good

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✅ Correct Answer: (A) substitute goods

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