Economics · Consumer Behaviour
Rohit consumes only two goods - tea and biscuits. When the price of tea rises, he buys fewer biscuits as well. This indicates that both goods are:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Giffen goods
- 2Inferior goods
- 3Complements with negative cross-elasticity✓
- 4Substitutes with positive cross-elasticity
Correct answer
Complements with negative cross-elasticity
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