A Negative Value for

question 96

Multiple Choice

A negative value for

• A)price elasticity of supply implies an upward-sloping supply curve.
• B)cross elasticity of demand implies that the goods are complements.
• C)price elasticity of demand implies an inferior good.
• D)income elasticity of demand implies a normal good.
• E)income elasticity of demand implies an error in your calculation.

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Definitions:

Union Workers

Employees who are members of a labor union, which represents them in negotiations with employers over wages, benefits, and working conditions.

Productive

Relates to the capability of producing a significant amount or result, especially in terms of work or economy.

Nonunion Workers

Employees who are not members of a labor union and do not receive the collective bargaining advantages that unionized workers might have.

Unionized Workers

Employees who are members of a labor union, which represents their interests in negotiations with employers.