Suppose That When the Price of Good X Falls from $6

question 288

Multiple Choice

Suppose that when the price of good X falls from $6 to $4,the quantity demanded of good Y rises from 30 units to 40 units.Using the midpoint method,the cross-price elasticity of demand is

• A)-0.71,and X and Y are complements.
• B)-1.40,and X and Y are complements.
• C)-0.71,and X and Y are substitutes.
• D)-1.40,and X and Y are substitutes.

---

Definitions:

Coriolis Effect

The apparent deflection of moving objects when viewed in a rotating reference frame; it is observed in the rotation of weather patterns and ocean currents.

Solar Energy

Energy derived from the sun’s rays, utilized through various technologies for heating, electricity, and other applications.

Genus Rhizobium

A group of soil-borne bacteria that form symbiotic relationships with leguminous plants, fixing nitrogen in nodules on their roots.

Bacteria

Microscopic, single-celled organisms that exist in diverse environments and can have roles ranging from decomposing dead matter to causing disease.