If a 2 Percent Increase in the Price of Product

question 82

Multiple Choice

If a 2 percent increase in the price of product X causes the demand for product Y to increase by 6 percent,then:

• A) X and Y are substitutes.
• B) X and Y are complements.
• C) X and Y are independent goods.
• D) the demand for X is elastic.

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Definitions:

Child Sexual Abuse

Illicit sexual activities with a child, including contact and non-contact actions, by an adult or significantly older individual.

Family Members

Individuals related by blood, marriage, or adoption, considered as close relatives or part of one's immediate household.

Perpetrated

Committed or carried out; usually refers to the act of committing a harmful, illegal, or immoral act.

Discloses Sexual Abuse

The act of revealing or reporting an experience of sexual abuse, often in the context of seeking help, support, or justice.