If Two Goods Are Complements, Their Cross Elasticity of Demand

question 86

Multiple Choice

If two goods are complements, their cross elasticity of demand will normally be

• A)zero.
• B)a negative number.
• C)a positive number.
• D)infinity.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, characterized by open-mindedness and a questioning attitude.

Monitor

The act of regularly observing and checking the progress or quality of something over a period of time.

Scoring Rubric

A set of criteria and standards typically used in educational settings to assess the quality of students' work or performance.

Close-Mindedness

The unwillingness to consider or accept different ideas or opinions.