If the Cross- Price Elasticity Between X and Y Is

question 49

Multiple Choice

If the cross- price elasticity between X and Y is negative, then:

• A) X and Y are unrelated
• B) X and Y are substitutes
• C) X and Y are complements
• D) consumer income has increased

---

Definitions:

Rule-Based Ethics

An ethical framework where actions are judged right or wrong based purely on adherence to a set of rules or ethical guidelines.

Consequential Ethics

An ethical approach that evaluates the morality of actions based on their outcomes or consequences.

Demographic Trends

Patterns of changes in population characteristics over time such as age, race, and gender distributions.

Culturally Diverse

Referring to the inclusion of individuals from a variety of cultural, ethnic, and racial backgrounds, enhancing creativity and problem-solving within groups or organizations.