The Cross-Price Elasticity of Electricity with Respect to the Price

question 109

Multiple Choice

The cross-price elasticity of electricity with respect to the price of natural gas has been estimated as being equal to 0.2.This implies that:

• A)natural gas and electricity are both normal goods.
• B)electricity and natural gas are complements.
• C)electricity and natural gas are substitutes.
• D)one of the two goods is inferior and the other is normal,but we need additional information to determine which of them is normal.

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Definitions:

Eugenics

Is the belief that the human race can be improved by controlling which people can become parents.

Vasectomies

A surgical procedure for male sterilization or permanent contraception that involves cutting or sealing the vas deferens, thereby preventing sperm from entering into the urethra.

Hysterectomies

Surgical procedures that involve the removal of the uterus, and sometimes the cervix and surrounding tissues, for various medical reasons.

Special Needs

Refers to individuals requiring additional or specialized services or accommodations due to physical, mental, emotional, or developmental conditions.