When Product a Is a Good Substitute for Product B,the

question 66

Multiple Choice

When product A is a good substitute for product B,the cross-price elasticity of demand for products A and B will be _____.

• A)unity
• B)negative
• C)positive
• D)decreasing
• E)increasing

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Definitions:

Trading Range

The range within which a security or a market index fluctuates over a specified period.

EPS

Earnings Per Share, a financial ratio that measures the amount of profit attributed to each outstanding share of a company's common stock, indicating the company's profitability.

Dividends

Distributions issued to shareholders by a company, typically sourced from the organization's earnings.

Repurchase

Also known as a buyback, it is a company's decision to buy its own shares from the marketplace, potentially raising the value of remaining shares.