If the Cross-Price Elasticity of Demand for Two Goods Is

question 119

Multiple Choice

If the cross-price elasticity of demand for two goods is -4.5,then

• A)the two goods are substitutes.
• B)the two goods are complements.
• C)one of the goods is normal while the other good is inferior.
• D)one of the goods is a luxury while the other good is a necessity.

---

Definitions:

Operating Activities

Business actions that relate directly to the production and delivery of goods and services, central to generating revenue.