Q. If demand of coffee increases by 10% with 20% decline in the price of sugar we can say that (Solved)
1. Cross price elasticity of demand is negative and both the products are complementary to each other
2. Cross price elasticity of demand is negative and the goods are substitute
3. Cross price elasticity is positive and the products are complementary to each other
4. None of these
- a. Cross price elasticity of demand is negative and both the products are complementary to each other