The San Diego-Tijuana Region Is an Example of a _________

question 27

Multiple Choice

The San Diego-Tijuana region is an example of a _________ region.

• A) trade
• B) macro-region
• C) cross-border
• D) all of these

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Definitions:

Income Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in consumers' income, expressed as a percentage change in demand divided by the percentage change in income.

Inferior Good

is a type of good whose demand decreases when consumer income rises, unlike normal goods, for which demand increases when income rises.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply at various prices.

Price Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in its price.