Which of the Following Is Correct

question 114

Multiple Choice

Which of the following is correct?

• A) The income elasticity of demand for a normal good is negative.
• B) The cross elasticity of demand for normal goods is positive.
• C) The cross elasticity of demand equals the percentage change in demand divided by the percentage change in income.
• D) The cross elasticity of demand for substitute goods is positive.
• E) The cross elasticity of demand for substitute goods is negative.

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Definitions:

Pyrotechnics

The science and craft of creating fireworks and other explosive effects for entertainment, ceremonial, or signaling purposes.

Pyrotechnics

The art of making or displaying fireworks, sometimes used in entertainment or celebrations.

Trumpet

A brass wind instrument with a flared bell and three buttons (valves) that is commonly used in classical and jazz music.

Pyrotechnics

The art, craft, or science of making and using fireworks or related explosive devices for entertainment, military, or industrial purposes.