Home ยป When cross elasticity of demand is a large positive number, one can conclude that Demand and Supply MCQs When cross elasticity of demand is a large positive number, one can conclude that September 27, 2022 7 Views Q. When cross elasticity of demand is a large positive number, one can conclude that: The good is normalThe good is inferiorThe good is a substituteThe good is a complement Answer: The good is a substitute
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to