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

question 28

Essay

If two goods are complements, their cross-price elasticity of demand should be:
A.less than 0.
B.equal to 0.
C.positive yet almost equal to 0.
D.greater than 0.

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Definitions:

Complete Performance

Complete Performance refers to the full and exact execution of all terms and obligations as outlined in a contract or agreement, leaving no duties unfulfilled.

Tender

An offer to perform an obligation or supply goods at a fixed price.

Condition Subsequent

A condition in a contract that, if it occurs, terminates an already established right or obligation.

Tender

refers to the offer of payment of money or the performance of an obligation in order to discharge a debt or fulfill a contract.