A Fall in the Price of X from $12 to $8

question 382

Multiple Choice

A fall in the price of X from $12 to $8 causes an increase in the quantity of Y demanded from 900 to 1,100 units. What is the cross elasticity of demand between X and Y?

• A) 0.5
• B) -0.5
• C) 2
• D) -2

---

Definitions:

Debt Offerings

A way for companies to raise capital by issuing debt securities or bonds to investors, who in return receive interest payments.

Ultimate Return

The total return received from an investment, including all sources of income and capital gains, over the entire holding period.

Technical Analysis

The study of historical market data, including price and volume, to predict future market behavior primarily for trading decisions.

Macroeconomic Data

Information relating to the overarching conditions of an economy, including metrics such as GDP, unemployment rates, and inflation.