If a Lower Price for Good X Increases the Demand

question 277

Multiple Choice

If a lower price for good X increases the demand for good Y,the cross elasticity value for the two goods is

• A) negative.
• B) equal to zero.
• C) positive and less than one.
• D) positive and greater than one.
• E) possibly negative, positive, or zero, but there is not enough information to decide.

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Definitions:

Homosexuals

Individuals who are sexually attracted to members of the same sex.

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Individuals who are attracted to both male and female genders, experiencing sexual or romantic feelings towards people of their own sex and the opposite sex.

Genital Warts

A sexually transmitted infection (STI) caused by certain strains of the human papillomavirus (HPV), resulting in small, flesh-colored or gray swellings in the genital area.

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A small infectious agent that replicates only inside the living cells of an organism, potentially causing disease.