The Quantity Demanded of Good a Changes from 100 to 111

question 164

Multiple Choice

The quantity demanded of good A changes from 100 to 111 when the price of good A changes from $9 to $8. The cross elasticity of demand is

• A)1.20.
• B)-1.13.
• C)2.20.
• D)-0.89.
• E)There is not enough information to answer the question.

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Definitions:

Virtual Memory

The space on the hard drive where the operating system stores data if there isn’t enough random access memory to hold all of the programs you’re currently trying to run.

Physical Memory

The amount of random access memory (RAM) that’s installed in a computer.

Video Memory

Random access memory that’s included as part of a video card.

Random Access Memory

A type of computer memory that allows data to be read and written in any order, significantly speeding up the computing process.