If Two Goods Are Substitutes,their Cross-Price Elasticity Will Be

question 46

Multiple Choice

If two goods are substitutes,their cross-price elasticity will be

• A)positive.
• B)negative.
• C)zero.
• D)equal to the difference between the income elasticities of demand for the two goods.

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Definitions:

Neuroblastoma

A type of cancer that develops from immature nerve cells found in several areas of the body, primarily affecting children.

-Blast

A suffix used in biology to denote an immature or embryonic cell that is capable of developing into a specific type of cell.

Multiply

The process of increasing in number, especially the mathematical operation of adding a number to itself a certain number of times.

Encapsulated

Surrounded by a protective layer or capsule, often referring to the way certain bacteria or benign tumors are contained.