If Two Goods Are Complementary Goods,then

question 115

Multiple Choice

If two goods are complementary goods,then

• A)The cross-price elasticity sign will be negative.
• B)The cross-price elasticity sign is not important.
• C)The cross-price elasticity sign will be positive.
• D)The cross-price elasticity will be greater than 1.

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Definitions:

Discount Date

The specified date by which payment of a bill or invoice is required to avail a discount for early payment.

Delivery Charge

A fee charged for the delivery of goods or services to a recipient's location.

Cash Discount

A reduction in the price of an item or service offered to a buyer for immediate payment or within a predefined time.

Freight Charges

Costs associated with transporting goods from one place to another.