Examlex
Suppose that the CEO of a financial consulting company employs only tall people. Even though the CEO interviews equal numbers of short and tall applicants who are qualified to work at his company, he never hires any of the short ones. According to social psychologists, the CEO's behavior would be BEST described as an example of ____.
Cross-Price Elasticity of Demand
A measure indicating how the quantity demanded of one good or service changes in response to a price change of another good or service.
Cross-Price Elasticity of Demand
The sensitivity measure of one good's demanded quantity to the price changes of a separate good.
Rice and Beans
A staple food dish in many cultures around the world, consisting of rice and beans as the main ingredients.
Complements
Goods or services that are typically consumed together, where the increase in the price of one leads to a decrease in demand for the other.
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