Which of the Following Values Would Most Likely Represent the Cross

question 47

Multiple Choice

Which of the following values would most likely represent the cross elasticity of demand between butter and margarine?

• A) -5.0
• B) -1.0
• C) -0.1
• D) 0.0
• E) 0.8

---

Definitions:

Counter

A function in automation used to enumerate occurrences of a specific event, often implemented within PLCs for process control.

Pushbutton

A pushbutton is a simple switch mechanism for controlling some aspect of a machine or a process. They are typically found in industrial, computing, and consumer electronics contexts.

Thermocouple Temperature

The measurement of temperature using a thermocouple, which generates a voltage proportional to the temperature difference between two points.

LED Display

An LED display is a screen or panel comprised of light-emitting diodes used to display information, images, or videos through controlled lighting.