If the Price of One Good Increases by 3 Percent

question 425

Multiple Choice

If the price of one good increases by 3 percent and the quantity demanded of another good increases by 2 percent, the cross elasticity is ________ and the two goods are ________.

• A) 2/3, substitutes
• B) 2/3, complements
• C) 3/2, complements
• D) 3/2, substitutes

Recognize the differences between types of twins and their implications for genetics vs. environment discussions.

Comprehend various research designs in developmental psychology and their applications.

Understand theories of aging and adjustment in older adulthood.

Differentiate between nature and nurture influences on human development.

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Definitions:

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