Which of the Following Pairs of Goods Would Be Expected

question 42

Multiple Choice

Which of the following pairs of goods would be expected to have a positive cross-price elasticity of demand?

• A)coffee and tea.
• B)gasoline and large SUVs.
• C)tennis racquets and tennis balls.
• D)hot dogs and hot dog buns.

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Definitions:

Oral Stop Payment

A verbal request made to a financial institution asking them to prevent the payment or processing of a check or financial instrument.

Written Stop Payment

A formal written notice given to a bank instructing it not to pay out funds under a specific check or transaction.

Recourse

A right or legal means to obtain repayment, compensation, or remedy in the event of a breach of contract or agreement.