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

question 57

Multiple Choice

If two goods are substitutes, then their cross-price elasticity of demand is:

• A) positive.
• B) negative.
• C) zero.
• D) between zero and minus one.

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Definitions:

Cognitive Therapy

A form of psychotherapy that emphasizes the identification and restructuring of distorted thought patterns.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and the application of learning principles.

Stress Inoculation Training

A form of cognitive-behavioral therapy designed to help individuals build skills to handle stressful situations more effectively.

Negative Self-talk

The act of engaging in critical or disparaging internal conversation with oneself, which can affect one's mood and self-esteem negatively.