Economy, asked by ranganmahesh994, 8 months ago

The cross elasticity of demand between two perfect substitutes will be -

Answers

Answered by VijayKumarsep972

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Answered by Deeksha3104

Answer:

Hey mate here is your answer ☺️

Explanation:

"A positive cross-price elasticity value indicates that the two goods are substitutes. ... Conversely, the demand for a substitute good falls when the price of another good is decreased. In the case of perfect substitutes, the cross elasticity of demand will be equal to positive infinity."

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