If the Cross-Price Elasticity Between Two Goods Is Positive, Then

question 74

Multiple Choice

If the cross-price elasticity between two goods is positive, then it is most likely that the two goods are

• A)both inferior goods.
• B)both luxury goods.
• C)complements.
• D)substitutes.
• E)necessities.

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Definitions:

Oncogene

Cancer-causing gene formed by a mutation in a proto-oncogene; codes for proteins that stimulate the cell cycle and inhibit apoptosis.

Pesticides

Chemical substances used to kill, repel, or control pests, including insects, weeds, rodents, and fungi that affect plants or animals.

Ultraviolet Radiation

A type of electromagnetic radiation with wavelengths shorter than visible light but longer than X-rays, capable of causing chemical reactions and damage to living organisms.

X-rays

A form of electromagnetic radiation with a wavelength shorter than that of UV rays, commonly used in medicine for imaging internal structures.