If the Cross Elasticity of Demand Between Goods X and Y

question 420

Multiple Choice

If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is negative, then X and Y are ________ and X and Z are ________.

• A) price inelastic; complements
• B) complements; substitutes
• C) substitutes; complements
• D) price inelastic; income elastic

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Definitions:

Job Design

The process of organizing work into tasks and responsibilities to improve efficiency and employee satisfaction.

Organizational Goals

Objectives set by a business or organization aiming to guide its operations and determine its direction for future development.

Capabilities

The ability or qualities necessary to do something effectively; often refers to the capacities of organizations or individuals to achieve their objectives.

Job Enrichment

An effort to motivate employees by enhancing the responsibility, scope, and interest of their jobs.