If the Cross Price Elasticity of Demand Between Two Commodities

question 290

Multiple Choice

If the cross price elasticity of demand between two commodities is positive, then these commodities are

• A) are superior.
• B) are complements.
• C) are substitutes.
• D) are inferior.

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Definitions:

Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1863 that declared the freedom of all slaves in Confederate-held territory during the American Civil War.

Abraham Lincoln

A 16th President of the United States who led the country through its Civil War and helped to abolish slavery.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to perform labor or services.

Fourteenth Amendment

An amendment to the United States Constitution granting citizenship to all persons born or naturalized in the U.S. and guaranteeing all citizens equal protection of the laws.