If the Cross Elasticity of Demand Between Goods a and B

question 5

Multiple Choice

If the cross elasticity of demand between goods A and B is negative, then

• A)the demands for A and B are both price elastic.
• B)the demands for A and B are both price inelastic.
• C)A and B are complements.
• D)A and B are substitutes.
• E)A and B are independent goods.

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Definitions:

Hyperopia

A condition often called farsightedness, where distant objects can be seen clearly but close ones do not come into proper focus.

Age-related Change

Changes in the physiological, cellular, or psychological aspects of an individual that occur naturally as part of the aging process.

Sensitivity To Touch

An increased response or discomfort to tactile stimuli on the skin's surface, often a sign of underlying conditions or disorders.

Photoreceptors

Specialized cells located in the retina of the eye that convert light into electrical signals, enabling vision.