The Cross Elasticity Between Two Goods, X and Y, Is

question 47

Multiple Choice

The cross elasticity between two goods, X and Y, is positive. From this, we can conclude that goods X and Y are:

• A) substitute goods.
• B) complementary goods.
• C) unrelated goods.
• D) inferior goods.

---

Definitions:

Environmental Stimuli

External factors or changes in the environment that can elicit responses from living organisms.

Emotional Reactions

Emotional reactions are immediate responses to external or internal events, involving feelings that can range from happiness and excitement to sadness and anger.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Analogous to Pathogen

Comparable or similar to a disease-causing organism, indicating something that can induce disease-like effects or conditions.