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

question 19

Multiple Choice

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

• A)consumers are being irrational
• B)supply is elastic
• C)the goods may have similar uses
• D)the goods may go well together in consumption
• E)one good must be a necessity

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Definitions:

Human Relations Abilities

Skills and competencies related to effectively interacting, communicating, and building relationships with others in personal or professional settings.

Human Relations

The study or management of relationships among individuals, especially in the workplace, focusing on communication, conflict resolution, and interpersonal skills.

Common Sense

Basic level of practical knowledge and judgment that we all need to help us live in a reasonable and safe way.

Self-Disclosure

The act of sharing personal or private information about oneself with others.