If the Cross-Price Elasticity of Demand of Two Goods Is

question 151

Multiple Choice

If the cross-price elasticity of demand of two goods is 2.5,what would the two goods be

• A)complements
• B)luxuries
• C)normal goods
• D)substitutes

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Definitions:

Cultural Taboo

Behaviors or customs that are forbidden or considered highly inappropriate within a particular culture or society.

Taste Buds

Small sensory organs located on the tongue, capable of detecting the five basic taste sensations: sweet, salty, bitter, sour, and umami.

Chromosomes

Threadlike structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of deoxyribonucleic acid (DNA).

Dizygotic

Referring to twins that are developed from two separate eggs fertilized by two different sperm cells (fraternal twins).