The Quantity Demanded of Good a Changes from 100 to 111

question 164

Multiple Choice

The quantity demanded of good A changes from 100 to 111 when the price of good A changes from $9 to $8. The cross elasticity of demand is

• A)1.20.
• B)-1.13.
• C)2.20.
• D)-0.89.
• E)There is not enough information to answer the question.

---

Definitions:

Nation's Economy

The overall economic system of a country, encompassing all activities related to production, consumption, and trade of goods and services within the country.

President

The elected head of a republican state or a leader of an organization, company, or institution, possessing varying levels of authority and responsibility based on context.

Federal Budget Deficit

The financial shortfall when the U.S. government's expenditures exceed its revenues within a fiscal year, leading to borrowing to cover the gap.

Measures

Measures refer to legislative bills or proposed laws that are brought forward for debate, amendment, and voting in legislative bodies.