If the Cross Elasticity of Demand for Good a with Respect

question 22

Multiple Choice

If the cross elasticity of demand for good A with respect to good B is -0.87, then good A is

• A)an inferior good.
• B)a normal good.
• C)a substitute for good B.
• D)a complement to good B.

---

Definitions:

College Students

Individuals enrolled in institutions of higher education to pursue degree programs.

Sampling Distribution

Statistical probability distribution resulting from a random sampling.

Sample Proportions

A statistic that describes the fraction of items in a sample that meet a certain criteria, often used to estimate the proportion in the total population.

Population Proportions

A rephrased definition: The fraction of individuals in various categories relative to the total population under study.