Which of the Following Pairs of Goods Are Most Likely

question 42

Multiple Choice

Which of the following pairs of goods are most likely to have a negative cross-price elasticity of demand?

• A) Hotdogs and hotdog buns
• B) Coke and Pepsi
• C) Rail tickets and plane tickets
• D) A Luciano Pavarotti compact disc and a Placido Domingo compact disc (Both Pavarotti and Domingo are opera stars.)

---

Definitions:

Human Actors

Individuals who take action or play roles within various social, economic, or political contexts.

Actor-Network

A theoretical and methodological approach within the social sciences that treats objects as part of social networks, emphasizing the materiality of action.

Smart Phones

Advanced mobile phones that combine computing capability, including internet access and the ability to run software applications, with traditional cellular phone functions.

Posthumanism

A philosophical perspective that seeks to transcend traditional notions of humanism by integrating technology, ecology, and new understandings of identity.