If Goods a and B Have a Cross Elasticity of Demand

question 21

Multiple Choice

If goods A and B have a cross elasticity of demand that is positive, this is evidence that goods A and B are __________ goods.

• A)complementary
• B)substitute
• C)normal
• D)inferior

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Definitions:

Population

The total number of individuals or organisms of a particular species living in a specific area or region at a given time.

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.

Basket-Weaving Skills

The ability to interlace materials, such as reeds or fibers, to create baskets or basket-like objects.

Genetic

Refers to the hereditary material in humans and other organisms, encompassing genes and DNA that influence traits and characteristics.