If the Cross Elasticity of Demand Between Goods X and Y

question 10

Multiple Choice

If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is negative, then X and Y are _______ and X and Z are _______.

• A) price inelastic; income elastic
• B) substitutes; complements
• C) price inelastic; complements
• D) complements; substitutes

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Definitions:

CPU's

Stands for Central Processing Units, which are the primary components of computers responsible for interpreting and executing most of the commands from the computer's other hardware and software.

Kernel Speed

Refers to the efficiency or performance rate at which the core of a computer's operating system processes data or tasks.

Gigahertz (GHz)

A unit of frequency equal to one billion cycles per second, commonly used to measure the clock speed of computer processors.

Nonvolatile Storage

A type of storage that retains data even when power is turned off, such as hard drives, flash drives, and SSDs.