If the Cross-Price Elasticity of Demand Between Breeze Detergent and Faber

question 74

Multiple Choice

If the cross-price elasticity of demand between Breeze Detergent and Faber Detergent is a relatively large positive number, then it indicates that

• A)the two brands are probably made by the same company.
• B)the two brands of detergent are close substitutes.
• C)consumers have a distinct preference for one brand versus the other.
• D)detergents are necessities.

---

Definitions:

Interneuron

A type of neuron that transmits signals between sensory neurons and motor neurons, playing a critical role in reflexes and neuronal circuits.

Sensory Neuron

A type of neuron responsible for converting external stimuli from the environment into internal electrical impulses towards the brain or spinal cord.

Motor Neuron

A type of neuron that transmits signals from the brain or spinal cord to muscles or glands, triggering movement or action.

Sciatic

Pertaining to the sciatic nerve, which is the longest nerve in the human body, running from the lower back down through the leg.