If the Cross- Price Elasticity Between Goods X and Y

question 4

Multiple Choice

If the cross- price elasticity between Goods X and Y is 2.0, the goods are and an increase in the price of Good X will cause a(n) _________in the quantity demanded of Good Y.

• A)substitutes; decrease
• B)substitutes; increase
• C)complements; decrease
• D)complements; increase

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Definitions:

Self-Defense

The right to use reasonable force to protect oneself or others from physical harm from an aggressor, under specific circumstances.

Enslaver

A person or entity that holds individuals in slavery, depriving them of their freedom.

Free Blacks

African Americans who were not enslaved and enjoyed a degree of citizenship rights, including property ownership and labor freedom, primarily before the Civil War.

British Emancipation

The process culminating in the abolition of slavery throughout the British Empire in 1833, with the Slavery Abolition Act.