When the Cross Elasticity of Demand Between Two Goods Is

question 114

Multiple Choice

When the cross elasticity of demand between two goods is __________, the goods are __________.

• A)negative; substitutes for one another
• B)negative; complements for one another
• C)positive; normal goods
• D)positive; inferior goods

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Definitions:

Neuroticism

A personality trait characterized by sadness, moodiness, and emotional instability.

Agreeableness

One of the Big Five personality traits, characterized by a tendency to be compassionate, cooperative, and friendly towards others.

Openness

In psychology, a personality trait that involves the appreciation for new experiences, creativity, and a willingness to entertain novel ideas.

First Impressions

The initial judgments and perceptions formed about someone upon meeting them for the first time, which can be long-lasting and hard to change.