If Pizza and Beer Are Complementary Goods,we Can Conclude That

question 108

Multiple Choice

If pizza and beer are complementary goods,we can conclude that

• A)the income elasticity of demand is positive.
• B)their cross-elasticity of demand is positive.
• C)both goods are inferior goods.
• D)the income elasticity of demand is negative.
• E)their cross-elasticity of demand is negative.

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Physical Capital

Tangible assets used in the production of goods and services, such as machinery and buildings.

Generates Output

The process of producing or delivering a result, product, or service from a set of inputs or processes.

Undertaking Project

The process of planning, executing, and completing a project with specific goals and objectives.