If You Know the Cross Elasticity Between Two Goods Is

question 125

Multiple Choice

If you know the cross elasticity between two goods is negative,then you know the goods are

• A) substitutes.
• B) normal goods.
• C) complements.
• D) inferior goods.
• E) inelastic goods.

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Definitions:

Litany

A repetitive or prolonged series of complaints or grievances.

Compliments

Expressions of praise or admiration towards someone, often used to affirm positive qualities or achievements.

Flatter

To give excessive and insincere praise to someone, often to gain favor or advantage.

Necessary

Something that is required or essential to achieve a certain outcome or to maintain a condition.