Which of These Could Be a Possible Cross Elasticity of Demand

question 92

Multiple Choice

Which of these could be a possible cross elasticity of demand measure for butter and margarine?

• A) 0
• B) 0.8
• C) -1.8
• D) -0.8

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Definitions:

Aversive Event

An unpleasant or noxious event or situation that an individual seeks to avoid or escape.

Negative Reinforcement

A behavioral strategy involving the removal of an unpleasant stimulus to increase the likelihood of a desired behavior being repeated.

Demoted

The act of lowering someone's rank, status, or position, often as a result of performance evaluation or organizational restructuring.

Extinction

The process by which a species, breed, or family of organisms becomes permanently incapable of reproducing and therefore dies out.