If a Rise in the Price of Good B Increases

question 134

Multiple Choice

If a rise in the price of good B increases the demand for good A,then

• A)A and B are substitutes and the cross elasticity of demand for good A with respect to the price of good B is positive.
• B)A and B are complements.
• C)the cross elasticity of demand between A and B is 1.
• D)A and B are substitutes and the cross elasticity of demand for good A with respect to the price of good B is negative.
• E)the demand for A is price elastic.

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Definitions:

Time-efficient

Pertains to a method or process that achieves desired results without wasting time.

Operating Agendas

The set of priorities, tasks, and activities that an organization or individual plans to focus on during a certain period.

Norming Stage

The stage in group development where team members adjust their behaviors to work more cohesively and establish norms for group interaction.

Forming Stage

The initial phase in group development where teams are created, members get acquainted, and define their task and how to approach it.