If the Quantity of Chicken Demanded Increases by 1

question 76

Multiple Choice

If the quantity of chicken demanded increases by 1.25 percent when the price of beef increases by 2.5 percent,the cross elasticity of demand between chicken and beef is

• A)3.125.
• B)-3.125.
• C)-0.5.
• D)2.0.
• E)0.5.

---

Definitions:

Chatty

Describes a conversational and informal tone or style of communication.

Abstract Words

Terms that represent ideas, qualities, or concepts rather than physical, tangible objects.

Euphemism

A mild or indirect word or expression substituted for one considered to be too harsh or blunt when referring to something unpleasant or embarrassing.

Passive Voice

A sentence structure in which the subject is the recipient of the action, often used to deflect responsibility or focus attention elsewhere.