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

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Definitions:

Palmitic Acid

A saturated fatty acid commonly found in animals and plants, often used in soap and other cosmetics.

Organic Compound

Molecules typically containing carbon atoms in rings or long chains, where other atoms (e.g., hydrogen, oxygen, nitrogen) are attached.

Melting Point

The temperature at which a substance changes from a solid to a liquid phase under standard atmospheric pressure.

Linoleic Acid

An essential polyunsaturated fatty acid important in human diet and various metabolic processes.