The Percentage Change in the Quantity Demanded of Good X

question 190

Multiple Choice

The percentage change in the quantity demanded of good X is 20 percent and the percentage change in the price of good Y is 10 percent. It follows that the __________ elasticity of demand is __________ and that the two goods are __________.

• A)income; 0.50; substitutes
• B)cross; 2.00; complements
• C)cross; 0.50; substitutes
• D)cross; 2.00; substitutes
• E)price; 2.00; substitutes

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Definitions:

Pay Rate

The amount of money that is paid to an employee per unit of time or per task completed.

Hours Worked

The total amount of time an employee spends doing their job within a specified period.

AddActionListener

A method used in Java programming to attach an event listener to a button or other interactive component.

Listener Object

An object in programming that awaits and responds to events or changes in state, commonly used in event-driven programming models.