If the Cross Elasticity of Demand Between Goods a and B

question 372

Multiple Choice

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

• 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:

Landlord

A person who owns real property and who rents or leases it to someone else. Also called lessor.

Expedited Credit

A banking service that provides faster funds availability to the depositor.

Substitute Check

A digital reproduction of an original check that has the same legal standing for purposes of clearing.