If the Cross Price Elasticity of Two Goods (X and Y)

question 65

Multiple Choice

If the cross price elasticity of two goods (X and Y) is equal to 1, this means that _____.

• A) X and Y are complements
• B) total revenue will fall with an increase in the price of X
• C) X and Y are substitutes
• D) total revenue will increase with a fall in the price of Y

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Definitions:

Traumatic Memories

Painful recollections that are emotionally overwhelming and may persist, leading to stress and disorder such as PTSD.

Dissociation

A psychological condition or process where a person disconnects from their thoughts, feelings, memories, or sense of identity.

Repress

To repress is to unconsciously block unpleasant feelings, desires, or experiences from one's conscious mind.

Repressed Memories

Recollections that are subconsciously suppressed because they are linked to intense stress or traumatic events.