To Say That Two Goods Are Substitutes, Their Cross Price

question 109

Multiple Choice

To say that two goods are substitutes, their cross price elasticities of demand should be:

• A) less than zero.
• B) negative, yet almost equal to zero.
• C) equal to zero.
• D) greater than zero.

---

Definitions:

Superego

In Freudian psychoanalysis, the part of a person's mind that acts as a self-critical conscience, reflecting social standards learned from parents and teachers.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Superego

In psychoanalytic theory, it represents the ethical component of the personality and provides the moral standards by which the ego operates.

Oedipus Complex

According to Freud, a boy’s sexual desires toward his mother and feelings of jealousy and hatred for the rival father.