Two Goods Are Complementary If

question 111

Multiple Choice

Two goods are complementary if:

• A) the income elasticity of demand is negative.
• B) each performs the same basic task.
• C) the cross elasticity of demand is positive.
• D) they are used together.

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Fairness Bias

The tendency to prioritize fairness and equity in decision making and judgment, sometimes at the expense of other considerations.

Inheritance

The process by which genetic information is passed on from parents to their offspring, determining certain characteristics of the offspring.

Irrational

Not logical or reasonable; actions or thoughts that do not follow rational principles.