If a Lower Price for Good X Increases the Demand

question 78

Multiple Choice

If a lower price for good X increases the demand for good Y, the cross elasticity value for the two goods is

• A) positive and greater than one.
• B) positive and less than one.
• C) negative.
• D) equal to zero.
• E) possibly negative, positive or zero, but there is not enough information to decide.

---

Definitions:

Habitat Islands

are patches of a particular type of habitat, such as forests or wetlands, isolated from one another by contrasting habitats, like urban or agricultural areas.

National Parks

Protected areas designated for the conservation of natural environments, biodiversity, and cultural heritage, and for public enjoyment.

Inbreeding

The breeding of closely related individuals, often leading to an increase in genetic disorders and a decrease in biodiversity.

Special Concern

A status indicating that a species or environment needs careful attention or consideration due to potential threats to its well-being or survival.