If Two Goods, X and Y, Have a Positive Cross-

question 122

Multiple Choice

If two goods, X and Y, have a positive cross- elasticity of demand, then we know that they

• A) each have a price elasticity greater than one.
• B) are complements.
• C) are substitutes.
• D) are both inferior goods.
• E) are both normal goods.

---

Definitions:

Situational And Personality Variables

These variables relate to the external circumstances (situational) and internal factors (personality) that influence an individual's behavior and responses in different contexts.

Accessible Attitude

An attitude that can be easily and quickly brought to mind from memory.

Retrieve From Memory

The process of recalling or bringing into conscious thought previously stored information or experiences from one's memory.