If the Price of a Good Falls by 15% Leading

question 33

Multiple Choice

If the price of a good falls by 15% leading to a 20% fall in the quantity demanded of its substitute, the cross-price elasticity for the two goods is _____.

• A) 0.75
• B) 1.33
• C) 5
• D) -5

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Definitions:

Scheduling Appointment

The process of organizing and setting a specific time and date for a meeting, medical visit, or any other type of engagement.

Medical Question

An inquiry pertaining to health, diseases, treatments, or medical conditions, often posed to healthcare professionals.

Doctor Review

The evaluation and assessment of a doctor's performance, skills, and practice, often conducted for quality control and patient safety purposes.

Prescription Refill

The process of providing additional supplies of a medication that has already been prescribed, under the terms of the original prescription.