If Two Products Are Substitutes, Then The

question 21

Multiple Choice

If two products are substitutes, then the:

• A)income elasticity of demand for both will be high.
• B)price elasticity of demand for both will be positive.
• C)cross-price elasticity of demand between them will be negative.
• D)cross-price elasticity of demand between them will be positive.

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Definitions:

Repetition

The act of doing or saying something again multiple times, often used as a technique for learning, memorization, or emphasis.

Two-Sided Messages

Communication that presents both positive and negative aspects of a subject, thereby appearing more balanced and credible to the audience.

Educated Audiences

Groups of individuals who are knowledgeable or have a significant understanding of a particular subject matter.

Disagrees With Position

The act of not sharing the same opinion, view, or stance as someone else on a particular issue or topic.