Which of the Following Products Made Its Way to the New

question 51

Multiple Choice

Which of the following products made its way to the New World as part of the Columbian Exchange?

• A) corn
• B) wheat
• C) potatoes
• D) tomatoes
• E) All of the choices are correct.

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Definitions:

Normal Good

A category of product that sees a rise in demand when consumer incomes go up, and a decrease when incomes fall.

Cross Elasticity of Demand

A measure of how the quantity demanded of one good responds to a change in price of another good, indicating the degree of substitutability between the two goods.

Complements

Goods or services that are used together, so that the consumption of one enhances the consumption of the other.

Substitutes

Products or services that can replace each other in satisfying a consumer's needs or wants.