If Beef and Pork Are Substitutes for Consumers,the Cross Elasticity

question 229

Multiple Choice

If beef and pork are substitutes for consumers,the cross elasticity of demand between the two products must be

• A) negative.
• B) positive.
• C) indeterminate.
• D) elastic.
• E) greater than 1.

Recognize the role of education in professionalization and its impact on occupation and wages.

Understand the concept of classical conditioning and its significance in learning processes.

Identify the roles of conditioned stimuli (CS) and unconditioned stimuli (US) in classical conditioning.

Recognize the contributions of key figures (Pavlov, Watson, Rayner, Rescorla) to the development of classical conditioning theory.

---

Definitions:

Own-price Elasticity

a measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Number of Substitutes

The quantity of alternative products or services that consumers can choose from in a market.

Absolute Value

A number’s distance from zero on the number line, without considering direction; always a positive value or zero.

Price Elasticity

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