If the Cross-Price Elasticity of Demand for Two Goods Is

question 58

True/False

If the cross-price elasticity of demand for two goods is negative, then the two goods are substitutes.

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Definitions:

Confining Pressure

Describes the pressure imposed on a layer of soil or rock by the weight of the material above it.

Tension

A force that stretches something by pulling on it, often applied to materials in physics to describe stretching that leads to elongation.

Reverse Faults

Faults where the hanging wall moves upward relative to the footwall, usually as a result of compression.

Normal Faults

Fractures in the Earth's crust where one block of rock moves down relative to another block due to tensional forces.