If Two Goods Are Substitutes, Their Cross-Price Elasticity of Demand

question 238

Multiple Choice

If two goods are substitutes, their cross-price elasticity of demand should be:

• A)less than 0.
• B)negative yet almost equal to 0.
• C)equal to 0.
• D)greater than 0.

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Definitions:

Discrimination

Unfair or unequal treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.

Equitable Treatment

Refers to the fair and impartial treatment of all individuals in the workplace, considering their specific circumstances and needs.

Ethnocentrism

The act of judging another culture solely based on the values and standards of one's own culture.

Multicultural Organization

A company or institution that incorporates a diverse mix of cultures, ideologies, and talents to foster an inclusive environment.