Exhibit 20-4 -Refer to Exhibit 20-4.As a Consequence of the Depicted Change

question 172

Multiple Choice

Exhibit 20-4

-Refer to Exhibit 20-4.As a consequence of the depicted change in supply of X,the demand curve for Y shifted from D₁ to D₂.What is true of the cross elasticity of demand for Y?

• A) Ec > 0
• B) Ec < 0
• C) Ec = 0
• D) It cannot be determined from the information provided.

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Definitions:

Demographic Segment

A market division based on demographic factors, such as age, race, gender, income, or education level, to refine marketing and targeting strategies.