If the Cross-Price Elasticity of Demand Between Two Goods Is

question 37

Multiple Choice

If the cross-price elasticity of demand between two goods is 0,

• A)a price change for one good will be exactly offset by a price change for the other
• B)neither demand curve would shift following a change in the price of one of the goods
• C)there is no income effect between the two goods
• D)the demand for each good is price inelastic
• E)the demand for each good is price elastic

---

Definitions:

Engineered Plasmids

Genetically modified plasmids used in biotechnology for the cloning, transfer, and manipulation of genes in research and therapy.

Cloned DNA

Copies of DNA sequences that have been created through laboratory techniques for study or manipulation.

Transformed Cells

Cells that have undergone a change from a normal state to a malignant (or cancerous) state, often through genetic mutation or infection by a virus.

Vector

(1) Any carrier or means of transfer. (2) Agent (e.g., a plasmid or virus) that transfers genetic information. (3) Agent that transfers a parasite from one host to another.