If a Rise in the Price of Good 1 Decreases

question 320

Multiple Choice

If a rise in the price of good 1 decreases the quantity of good 2 demanded

• A) the cross elasticity of demand is negative.
• B) the cross elasticity of demand is positive.
• C) good 1 is an inferior good.
• D) good 2 is an inferior good.

---

Definitions:

HTML Tag

Tags that surround and define HTML content (such as <b> and </b>, which indicate bolding).

KML

A file format used to display geographic data in an Earth browser, such as Google Earth, allowing users to create and share map-based visualizations.

Websites

Collections of web pages, images, videos, and other digital assets that are hosted on one or several web server(s), accessible via the Internet.

Public-Key Encryption

A type of encryption where two keys, known as a key pair, are created. One key is used for coding and the other for decoding. The key for coding is distributed as a public key, whereas the private key is retained for decoding.