Cross Elasticity of Demand for

question 159

Multiple Choice

Cross elasticity of demand for

• A)substitutes will normally be positive.
• B)complements will normally be positive.
• C)substitutes will normally be negative.
• D)complements will normally be infinite.

---

Definitions:

Treasury Stock

Shares that were once part of the outstanding shares of a company but were bought back and held in the company's treasury.

U.S. Treasury Department

The federal department responsible for managing government revenue, producing money, and formulating fiscal policy in the United States.

Outstanding Shares

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.

Issued Shares

Shares of a company that have been allocated and are currently held by shareholders.