If the Cross Elasticity of Demand Between Goods a and B

question 126

Multiple Choice

If the cross elasticity of demand between goods A and B is positive

• A) the demands for A and B are both price elastic.
• B) the demands for A and B are both price inelastic.
• C) A and B are complements.
• D) A and B are substitutes.

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Definitions:

A Proposition

A declarative statement that can either be true or false, often used in logic and philosophy to express ideas or assertions.

Enthymeme

A rhetorical argument where one of the premises is not explicitly stated, usually considered to be evident to the audience.

Existential Import

In logic, the assumption that a statement implies the existence of the subject it mentions.

I Proposition

An I proposition in traditional logic is an affirmative particular statement, indicating that some members of the subject class are included in the predicate class, typically structured as "Some S are P."