Cross Elasticity of Demand Measures Consumer Responsiveness to a Change

question 141

True/False

Cross elasticity of demand measures consumer responsiveness to a change in the price of one good, in terms of the quantity demanded of some other good.

---

Definitions:

Doctrine

A belief, principle, or policy held, taught, or advocated in law, such as the "doctrine of precedent" which is foundational to the common law system.

Fired

Termination of employment by an employer.

Disparate Treatment

Unequal behavior towards someone because of their race, age, gender, religion, or other protected status that results in discrimination.

Disparate Impact

A form of discrimination that arises when an employer’s policy or practice appears to apply to everyone equally but its actual effect is that it disproportionately limits employment opportunities for a protected class.