If the Cross Elasticity of Demand Is -5 Between French

question 384

Multiple Choice

If the cross elasticity of demand is -5 between french fries and orange drink, then french fries

• A) and orange drink are complements.
• B) and orange drink are substitutes.
• C) are a normal good and orange drink is an inferior good.
• D) are an inferior good and orange drink is a normal good.

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Definitions:

Six Months

A half-year period, or a duration of approximately 182 to 183 days, depending on the inclusion of a leap day.

Delusional

Holding beliefs that are clearly false, illogical, or based on incorrect inferences about external reality, despite evidence to the contrary.

Type I

Commonly refers to a classification in various contexts, often seen in medical or technological fields, indicating a particular form or category within a larger grouping.

Type II

Often refers to Type II diabetes, characterized by insulin resistance in the body.