-Refer to the Above Table

question 31

Multiple Choice

-Refer to the above table. Suppose the price of Y rises from $18 to $20. What is the cross price elasticity of demand between Y and Z?

• A) -1.7273
• B) -1.1176
• C) -0.8947
• D) +1.7273

---

Definitions:

Ethical Responsibilities

Obligations to act in a morally sound way, considering the well-being of others and the environment in decision-making processes.

Discretionary Actions

Actions based on individual judgment or choice rather than set standards, often pertaining to corporate or governmental decision-making.

Social Responsibility

The obligation of individuals, organizations, and businesses to act in a way that benefits society at large, beyond their own interests.

Proactive Strategy

A corporate social responsibility strategy that actively pursues social responsibility by taking discretionary actions to make things better in the future.